US Feds auctioning 4,040 Bitcoin ($40M) in 2 weeks

posted 5 months ago
The US Marshals Service is auctioning nearly $40 million in bitcoin, the first such auction since the end of 2018. The Marshals will auction "approximately" 4,040 bitcoin to registered bidders on Feb. 18th. Potential bidders must register by Feb. 12th.

"The auction will take place during a six-hour period on Feb. 18th. Bids will be accepted by email from pre-registered bidders only.” Bidders will also be required to make a $200,000 deposit before being able to bid. Participants who do not win their bids will receive these back. The auctioned Bitcoin come from over 50 “administrative forfeitures and legal cases.”
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