US Marshals: 4 Bidders Won Bitcoins in Final Auction

The US Marshals Service (USMS) announced that four winners split the final 44,341 bitcoins in the auction held just over one week ago.

The auction was the last of several held over the past 17 months by the federal agency for the bitcoins seized from online drug bazaar Silk Road and its convicted operator, Ross Ulbricht. A total of 144,341 bitcoins were seized from Ulbricht’s wallet in 2013, and 29,656 from Silk Road’s servers.

The first 100,000 of Ulbricht's coins were liquidated in the two previous auctions, and the final 44,341, last week.

USMS said that the four winners respectively took home an aggregate of 4,000, 6,000, 10,000 and 24,341 BTC. The identities of the winners were not disclosed, although Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term itBit did reveal last week that it won the 10,000 BTC.

The first auction, held last year for the 29,656 coins found on Silk Road, was a highly anticipated event. Though auction participants likely have little or nothing to gain- they can simply buy the bitcoins on the open market- such events may be beneficial for their brand. Venture capitalist Tim Draper won all the coins from the first auction.

The auctions held since then have come with decreasing fanfare, and the latest had the lowest turnout. The auction closes another yet another chapter in the story of Silk Road, fallout from which still continues. The sentencing for one of the federal agents accused of stealing bitcoins during the investigation is scheduled for next month.