The US Marshals Service will hold a Bitcoin Auction

There are approximately 2,170 bitcoin auctions announced by the US Marshals Service, seized in various federal criminal, civil and administrative cases.

As reported, the auction will be held on March 19, 2018, from 8:00 a.m. to 2:00 p.m. Bidders interested in participating in the auction must complete a registration process with a deposit of $200,000, which must be completed by noon EDT on March 14th.

Bitcoins will be divided 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 notified privately on the same day as the auction.

The US Marshals Service has published a list of bitcoin seizures on its website in the form of an official notification. One of the records, Shaun Bridges, was found guilty of stealing $800,000 worth of bitcoins in 2015.

The US Marshals Service has previously held auctions of bitcoins seized in civil and criminal cases. The agency sold 3,813 BTC on January 22, 2018, worth more than $40 million at that day’s exchange rate.

The previous auction was held in August 2016 where 2700 BTC was sold. At the time, the estimated market value was about $1.6 million.

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