US gov to auction Silk Road founder 'Dread Pirate Robert's' booty with 50,000 Bitcoins up for grabs
The US Marshal service will auction off 50,000 Bitcoins seized during the arrest of darkweb blackmarket, the Silk Road’s, founder last year.
Ross Ulbricht ran the site as ‘Dread Pirate Roberts’ hosting a marketplace where crypto-currency was exchanged for a range of illegal services such as guns, drugs and even hits. Upon his arrest in October 2013 for money laundering and computer hacking, 140,000 Bitcoins were seized.
The government has decided to host a blind auction, distributing the coins in ten blocks of 2,000 and ten blocks of 3,000.
At the time of publication, a single Bitcoin is worth £240.59 with Read full story ›
Source: The Drum
