FBI Auctioned/US Marshall coins moved. Price to go to the moon!!!

[elephantas1]

where they will put all the money when they sell those btc?

[malaimult]

where they will put all the money when they sell those btc?

For this particular auction it will be held by the USMS until the issue of whose money this actually is can be resolved in court.

If the court rules that the money belongs to Ross then it will go to the bank of his choosing. If the court rules that it is the government's money then I believe it will go to the US treasury.

[tins]

This will for sure send the price sideways.

Really don't see the auctions affecting BTC price in any direction, in the long run.

[dlowings]

Whenever people talk about ANYTHING going to the moon, you can bet that the next leg down is upon us .

[botany]

where they will put all the money when they sell those btc?

For this particular auction it will be held by the USMS until the issue of whose money this actually is can be resolved in court.

If the court rules that the money belongs to Ross then it will go to the bank of his choosing. If the court rules that it is the government's money then I believe it will go to the US treasury.

Hasn't this been decided in favour of the government?
If the court rules that the bitcoins actually belong to Ross, then can't Ross ask for his bitcoins back (rather than the money realized through their sale). If the price of bitcoins goes up to $1000 and Ross asks the feds for bitcoins, it would be fun. 

[JLynn171]

Im just Glad it is out of the hands of any kind of alphabet gang... crazy how they can make some much profit from wat is basically theft :-(

[Flashman]

If the court rules that the money belongs to Ross then it will go to the bank of his choosing. If the court rules that it is the government's money then I believe it will go to the US treasury.

Seems a bit weird how anxious they are to sell it when they haven't determined who gets it.

[deluxeCITY]

If the court rules that the money belongs to Ross then it will go to the bank of his choosing. If the court rules that it is the government's money then I believe it will go to the US treasury.

Seems a bit weird how anxious they are to sell it when they haven't determined who gets it.

Ross and the government actually agreed to sell the coins shortly after he was arrested (and the price was much higher), it has just taken this long to hash out the details.

Both the government and Ross agree that it would be better for both parties to sell the bitcoin and whoever is determined to own them will get the proceeds, because of the volatile nature of the price of bitcoin and the possibility they could get stolen

[Agestorzrxx]

nothing changed.

[hayabusa911]

nothing changed.

Price has gone down... 

[botany]

nothing changed.

Price has gone down... 

There are other factors at play, apart from the Silk Road coins.