[2014-06-12] WSJ: FBI to Auction Bitcoins on June 27

[bitbouillion]

http://online.wsj.com/articles/fbi-readies-144-341-bitcoins-for-sale-1402606244

[1715473004]

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[1715473004]

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[Dusty]

paywalled

[odolvlobo]

http://online.wsj.com/articles/fbi-readies-144-341-bitcoins-for-sale-1402606244

Well that accounts for the the 10% drop in the exchange rate.

[freedomno1]

Wait so that wasn't just my imagination we are seeing these coins MOVE!  

Also damn paywall but that was enough for me

The U.S. government on June 27 plans to auction almost 30,000 bitcoins, valued at $17.3 million, that were seized as part of the Federal Bureau of Investigation's crackdown last year on the Silk Road online marketplace for illicit drugs, the U.S. Marshals Service said Thursday.

In a statement, the Marshals Service confirmed it had taken custody of an additional 144,341.53 bitcoins that were seized as part of that operation. Those...

Thanks for sharing I added a non paywall since its press and people may want to read the article that don't have full access to WSJ

[cr1776]

There was a lot more, but the fair use portion that is relevant is below.  You can read more here:

US Marshall's site:
http://www.usmarshals.gov/assets/2014/bitcoins


Forbes:
http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/

The U.S. government on June 27 plans to auction almost 30,000 bitcoins, valued at $17.3 million...

...the Marshals Service confirmed it had taken custody of an additional 144,341.53 bit coins... Those coins also are being readied for a separate sale, according to [the] FBI...

...the first auction would take place over a 12-hour period on June 27 in nine blocks of 3,000 bitcoins and one of 2,657 coins. Interested buyers can place bids via a form at the U.S. Marshals website. The winners will be notified on June 30....