Cybersecurity
Bitcoins Seized From Silk Road to Be Auctioned
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The U.S. government will start selling one of the largest caches of bitcoins, seized last year from the illicit Silk Road marketplace, triggering a decline in the virtual currency’s price.
A partial auction for 29,656 bitcoins will be held this month, the U.S. Marshals Service said in a statement yesterday. A total of about 144,341 bitcoins, worth about $86 million at current prices, was transferred to the agency from the FBI, the authorities said.