US Marshals Successfully Auction $30 Million in Bitcoin

The U.S. Marshals Service has successfully auctioned off approximately 3,613 bitcoins (worth nearly $30 million at press time) confiscated in various crimes.

A spokesperson for the agency, which manages the sale of seized and forfeited assets, confirmed to CoinDesk today that the sale, which took place on Jan. 22, saw five successful bids.

The unknown winner received 1,600 bitcoin (worth about $13.4 million at press time), with the remaining buyers receiving 500, 500, 200 and 813 bitcoins (worth $4 million, $4 million, $1.6 million and $6.7 million respectively).

With the exception of Riot Blockchain, which claimed one of the two 500-bitcoin lots, the names of the winners were not disclosed. Riot voluntarily announced it had received 500 bitcoins.

The spokesperson said:

“The bitcoin transfers to the winners have been completed. The U.S. Marshals Service withdrew 100 bitcoins from the auction due to technical issues and is maintaining custody of the bitcoins.”

The agency first announced the sale on Jan. 11 revealing at the time that it was auctioning a little more than 3,800 bitcoins, worth about $54 million at the time.

When the bitcoins were sold on Jan. 22, they would have been worth roughly $42 million.

The day after the sale, the agency confirmed it had received 111 bids from 62 unique registered bidders . To register, each bidder had to deposit $200,000 and complete a registration process.

Auction mallet image via Shutterstock

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Source: Coindesk