- The U.S Marshals Service has announced that it will auction 50K Bitcoins (COIN, OTCQB:BTCS), worth around $19M, seized in connection with the now-defunct online bazaar Silk Road.
- The auction, scheduled for Dec. 4, comes just five months after the Marshals Service’s first Bitcoin auction, when it sold nearly 30K Bitcoins confiscated from Silk Road.
- Silk Road was shut down in October 2013 after officials said it was online marketplace for illegal drugs and other illicit activities.