RATE Group | Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction
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Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction

20 Oct Checkbooks Ready! US Marshals to Hold $4 Million Bitcoin Auction

Posted at 22:47h in Bitcoin News by

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bitcoin auction

The US Marshals Service has announced an upcoming auction for over $4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the Department of Justice.

Particulars for the Auction

Interested parties are expected to register with the USMS to be evaluated and cleared for the bid process. The required items for the registration are a manually signed copy of the bidder registration form, a copy of a government-issued photo ID for the bidder, a deposit in USD sent from a bank located within the United States, and a copy of the EFT transmittal receipt.

Following submission, eligible bid candidates will be announced on November 1, ahead of the auction, which is scheduled to take place on November 5. According to the USMS website, bid registration will take…

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