US Marshals to Auction 50,000 Ross Ulbricht Bitcoins

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The United States Marshals Service (USMS) has announced that it will be auctioning 50,000 BTC from Ross Ulbricht’s personal holdings in March. Ulbricht was convicted of being the mastermind behind Silk Road, an infamous dark net drug marketplace, and is currently awaiting sentencing.

This auction is the third Silk Road Bitcoin auction held by the USMS. The first two auctions sold BTC that was seized from Silk Road Wallets. In the first auction, held in the summer of 2014, venture capitalist Tim Draper won all the coins, leaving the auction with 30,000 BTC. Several people won blocks of coins during the second auction in late 2014.

Here is the USMS announcement:

FOR SALE
50,000 bitcoins

THIS SEALED BID AUCTION IS FOR A PORTION OF THE BITCOINS CONTAINED IN WALLET FILES THAT RESIDED ON CERTAIN COMPUTER HARDWARE BELONGING TO ROSS WILLIAM ULBRICHT, THAT WERE SEIZED ON OR ABOUT OCTOBER 24, 2013 (“COMPUTER HARDWARE BITCOINS”).

ON JANUARY 27, 2014, THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ENTERED A STIPULATION AND ORDER FOR INTERLOCUTORY SALE OF BITCOINS WHEREIN THE UNITED STATES AND ROSS WILLIAM ULBRICHT AGREED THAT THE UNITED STATES MAY SELL ANY PORTION OR ALL OF THE COMPUTER HARDWARE BITCOINS ON A DATE OR DATES IN A MANNER TO BE DETERMINED BY THE GOVERNMENT.

THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE FOLLOWING INFORMATION IS BEING PROVIDED WITHOUT RECOURSE TO THE UNITED STATES OF AMERICA AND THE UNITED STATES MARSHALS SERVICE.

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You can view the full bulletin here for instructions on how to participate in the upcoming auction.

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