[2013-01-16] - US forces Silk Road to give up $28M in bitcoins

[RaTTuS]

http://www.techworld.com.au/article/536160/us_forces_silk_road_give_up_28m_bitcoins/

and a quote
""It is the intention of the government to ultimately convert the bitcoins to U.S. currency," said Jim Margolin, a spokesman for the U.S. Attorney's office for the Southern District of New York."

[RaTTuS]

also on slashdot
http://news.slashdot.org/story/14/01/17/0326217/us-government-to-convert-silk-road-bitcoins-to-usd

[Buffer Overflow]

Big buyers will snap those up cheap in bulk.

[LiteCoinGuy]

and we will have alot free advertising 

[tins]

Big buyers will snap those up cheap in bulk.

I know...wish they would dump them all onto an exchange so we could all get in on some cheap BTC.

[segeln]

is there any Appeal at law possible ?
This will take time to auction the coins

[prophetx]

where are they going to sell on MtGox?  Good luck wiring that money back to  the States lmao

no seriously i wonder if they will cut them up or sell them all in 1 lot?

[TraderTimm]

While everyone is guessing, including me - I don't think they're creative enough to do anything outside their usual procedures. They'll probably cut it up into smaller lots and auction it at a set price determined by some random googling. The Wall Street boys will probably be lined up for this, as some funds need the BTC to satisfy their backing requirements.