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U.S. to auction $16 million worth of bitcoin from various cases

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Ronnie Allen

MoreA Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district July 28, 2015.

REUTERS/Brendan McDermid/File Photo - RTSKT40

NEW YORK Reuters - The U.S. government said on Monday it plans to auction over 2,700 bitcoin that were forfeited during several cases, including the prosecution of the creator of the online black market known as Silk Road.

Marshals Service said that the online auction would be held on Aug. 22, and that potential bidders must register by Aug. 18.

The bitcoin are worth nearly $16.1 million, according to the Bitstamp exchange.

The auction is the latest by the Marshals Service of the digital currency.

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Ronnie Allen
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