There is an auction of approximately 2,170 Bitcoins announced by the United States Marshals Service that were seized in the course of various federal criminal, civil and administrative cases, as stated in a press release on March 5.
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The auction date is reported to be March 19, 2018, from 8:00 AM to 2:00 PM EDT. Bidders interested in participating in the auction will be required to go through a registration process, along with a $200,000 deposit that must be filled by noon EDT on March 14.
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The bitcoins will be split and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC. Winning bidders will be privately notified on the day of the auction.
The United States Marshals Service has published on its website a list of the range of cases in which bitcoins have been seized in the form of an official notice. Shaun Bridges, one of the record holders, was convicted of stealing $800,000 worth of bitcoins in 2015.
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The United States Marshals Service has previously held auctions of bitcoins that were seized in the course of civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, a sum worth more than $40 million based on the exchange rate of that particular day.
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The previous auction was held in August 2016 where 2,700 BTC were sold. The estimated market value at the time was nearly $1.6 million.
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