Joel Dalais reported on BitcoinMagazine.com that the third government auction of Bitcoins that were seized during the Silk Road bust will take place March 5, 2015. Joel points out that some of the coins seized were not used in any illegal business. There were merchants on Silk Road that operated perfectly legit businesses.
From the article:
The U.S. Marshals Service is holding its third Dread Pirate Roberts (DPR) bitcoin auction this March 5th, 2015. These bitcoin were seized from Ross Ulbricht, allegedly the Dread Pirate Roberts, in relation to the Silk Road prosecution, an online black market bust primarily related to the sale of illegal drugs.
At auction are 50,000 bitcoin separated into two series. The first (series A) will consist of ten blocks of 2,000 bitcoin each, requiring a deposit of $100,000. The second series (B) will consist of ten blocks of 3,000 bitcoin each, requiring a deposit of $150,000.
Not all of the coin at auction were necessarily involved in some form of illegal transaction. There were some legitimate merchants who sold perfectly legal goods through the Silk Road platform.
Read the full article for the details on how to bid on BitcoinMagazine.com
