The USMS Bitcoin auction will take place today

By Daniel Zo Bitcoin, Silk Road, Ross Ulbricht, USMS Read Comments

During the last year, the U.S. Marshals Service, also known by the name of the USMS has managed to auction off a large part of the funds which had been seized following the completion of the Silk Road investigation.

If you are not yet aware of this, during the investigation, the USMS has managed to confiscate over 144,000 BTC from Ross Ulbricht, the mastermind behind the Silk Road marketplace, an online shop where people from all around the world traded drugs. When the funds were first seized, they were worth around 122 million. Other than these funds, the USMS also confiscated around 29,000 BTC from private Silk Road-related bitcoin addresses.

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