[2014-06-13] Silk Road Bitcoin On The Move For Government Auction Of $18 Million

[epere]

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 Bitcoin is a public ledger, and if your identity gets linked to a wallet or address, everyone can see when you move coins. That’s what happened to the feds Thursday. The federally-seized Bitcoin was moved out of the two addresses — here and here — where it had been stored, a huge transfer of funds that was noted by those watching Bitcoin activity such as market data app Zeroblock. The Bitcoin addresses had been notated on Blockchain.info as “Silk Road Seized Coin” and “DPR Seized Coins” (for Dread Pirate Roberts, the pseudonym assumed by Silk Road’s overlord).
The Federal Marshals are auctioning off seized digital money for the real stuff

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[nwfella]

I don't suppose anybody here is planning on hopping on board this $200,000 minimum buy-in auction?

Certainly wish I was in a position to do so but alas I aint!  :p

Price fluctuations between now and the 27th are going to be pretty extreme I suspect.

[bryant.coleman]

I don't suppose anybody here is planning on hopping on board this $200,000 minimum buy-in auction?

Someone already posted it in the other thread.

http://www.usmarshals.gov/assets/2014/bitcoins/

Required Registration Items:

• A manually signed pdf copy of the Bidder Registration Form
• A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
• $200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)

FAILURE TO INITIATE A WIRE TRANSFER AND PROVIDE THE USMS WITH A COPY OF THE WIRE TRANSMITTAL RECEIPT BY TUESDAY, JULY 01, 2014, AT 5:00 PM EDT WILL RESULT IN FORFEITURE OF THE BIDDER’S DEPOSIT.