The Feds Just Turned a $1.6 Million Profit on Seized Silk Road Bitcoin

An anonymous bidder purchased 2,700 bitcoins worth about $1.6 million in an anonymous auction held by US Marshals Service on Monday. The Feds confirmed the sale to CoinDesk, a site that reports on the digital currency, and said that four bids were received in the auction.

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Source: Gizmodo – The Feds Just Turned a .6 Million Profit on Seized Silk Road Bitcoin