U.S. to auction US$1.6 million worth of bitcoin from various cases, including Silk Road prosecution

NEW YORK — The U.S. government said on Monday it plans to auction over 2,700 bitcoin that were forfeited during several cases, including the prosecution of the creator of the online black market known as Silk Road.

The U.S. Marshals Service said that the online auction would be held on Aug. 22, and that potential bidders must register by Aug. 18. The bitcoin are worth about US$1.6 million, according to the Bitstamp exchange.

The auction is the latest by the Marshals Service of the digital...

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