WASHINGTON, June 13 (UPI) --The government will auction off 30,000 bitcoins, roughly $18 million of the digital currency, according to the U.S. Marshals Service.
The bitcoins were seized when the FBI raided the unofficial headquarters of online black market exchange Silk Road. Before being taken down, Silk Road was known as hub for illegal narcotic sales and other criminal activity. As of Thursday, the 30,000 bitcoins were worth just under $18 million, although their exchange rate has repeatedly fluctuated in value since then.
The bitcoins being auctioned are exclusively from wallet files on Silk Road's servers, and are not part of the bitcoins digitally seized from owner Ross William Ulbricht.
Read more: http://www.upi.com/T.../#ixzz34YSs7mGT