- The US authorities offered 9,861 bitcoins on March 14, bringing in over $215 million.
- There are 41,490 BTC left from over 51,000 seized in November and will likely be offered in 4 batches this 12 months.
- Courtroom paperwork present that bitcoin is related to the Silk Street darknet market.
The US authorities, which claims to have not too long ago offered 9,861 bitcoins (BTC), is reportedly seeking to liquidate an extra 41,500 BTC earlier than the top of the 12 months.
In keeping with court docket filings, the sale includes Bitcoins seized from entities linked to the notorious Silk Street darknet market. The sale will happen in 4 heaps this 12 months.
The US authorities offered over $215 million value of BTC
Courtroom paperwork present that the US authorities raised greater than $215 million by promoting 9,861.17 BTC of the 51,351 bitcoins seized final November.
The liquidation occurred on March 14, the court docket submitting signifies, with this specific slice of BTC confiscated by James Zhong following his arrest and indictment for wire fraud associated to Silk Street.
A complete of 41,490 BTC stays of what was seized from Zhong, which the US authorities now plans to promote in 4 tranches.
