RATE Group | U.S. Marshals Set To Auction Bitcoins Worth $4.2M Next Month
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U.S. Marshals Set To Auction Bitcoins Worth $4.2M Next Month

20 Oct U.S. Marshals Set To Auction Bitcoins Worth $4.2M Next Month

Posted at 02:23h in Bitcoin News by

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A close-up studio photograph of Bitcoins resting upon a circuit board with medicine tablets signifying the illegal drug trade related to payment in cryptocurrencies. (Source: Getty, Royalty free).

The U.S. Marshals Service, the oldest law enforcement agency in the United States dating from 1789 when President Washington appointed the first thirteen Marshals, is auctioning some 660 Bitcoins next month, worth $4,220,040 at current prices. The cryptocurrency being auctioned relates to forfeitures from various federal criminal, civil and administrative cases.

This latest auction follows ones conducted by the agency at the start of 2018 (January 22) for 3,813 Bitcoins that were worth around $51.5 million at the time, and a subsequent Bitcoin auction on March 19. The latter was their seventh such auction to that point in time, which comprised around 2,170 Bitcoins, which were worth approximately $24 million at the cryptocurrency’s then market price on…

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