Yesterday, Forbes reported that a judge had signed off on a forfeiture order for 30,000 bitcoins seized from the Silk Road by the feds. This means that the coins are likely to be sold in the near future. So the question on everyone’s mind is how and where will they be sold. Forbes explains that:
There is no legally certified U.S. Bitcoin exchange dealing in these kinds of volumes, and I doubt the feds want to sell the coins via Mt. Gox, which got in legal trouble last year for operating in the U.S. without a license, or via BTC-e, the mysterious exchange based in Bulgaria. It’s likely that the U.S. Marshals will instead auction off the Bitcoins as if they were Bernie Madoff’s penthouse or a drug dealer’s cars. When the FBI first seized the coins in October, they were worth about $6 million; they’re now worth four times that. This is a bust that keeps on paying off. The proceeds will go to the U.S. Treasury.
So if you are interested in bidding for the BTC, it makes sense to keep a close eye on the following website (click on the image to get there).
In Liberty,
Michael Krieger
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Want to Buy the FBI’s Bitcoins? Here’s How… originally appeared on A Lightning War for Liberty on January 17, 2014.
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