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US Marshals to auction 50,000 additional Bitcoins seized from Silk Road mastermind

By Shawn Knight
Feb 18, 2015
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  1. The US Marshals Service is once again auctioning a collection of Bitcoins seized from Silk Road mastermind Ross Ulbricht. A total of 50,000 Bitcoins, worth roughly $11.47 million as of writing, will be made available to the highest bidders on...

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  2. GeforcerFX

    GeforcerFX TS Evangelist Posts: 494   +126

    Reducing the defecit one bit coin at a time...jk
     
  3. Us government steals stuff then sells the same stuff months later.

    I hope USA government official is reading this. What can you do???
     
  4. captaincranky

    captaincranky TechSpot Addict Posts: 11,683   +1,876

    Aw poor baby. Did that mean old US government take those poor people's bitcoins, when all they were doing is selling heroine and whatnot on the web?.

    I think the Fed got ripped off with that bitcoin crap. At least they should have been able to seize US money. Then they wouldn't have needed to go through the aggravation of auctioning it off.:mad:
     
  5. Lol. You think that seizing all those coins stopped the black market. Nothing has changed.

    This was just as close to a publicity stunt. They did this to show the citizens that their government is doing something. In fact, they cant go to the root of this case.
     
  6. captaincranky

    captaincranky TechSpot Addict Posts: 11,683   +1,876

    Cops and robbers may have been the inspiration for "Whack-A-Mole". But, publicity stunt or not, quite a few people got their day ruined with the silk road bust, and it wasn't the fed.
     
  7. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,476   +2,034

    Which reminds me (off topic)... What do the feds do with all the drugs they confiscate? Keep them for posterity, use them for their own needs or sell them to the highest bidding drug dealers?
     
  8. captaincranky

    captaincranky TechSpot Addict Posts: 11,683   +1,876

    They most likely do QA testing on certain illicit substances. Then they add them to their training regimen. (Inhales deeply...................(mumbles between teeth).............I bet I can hold my breath longer than you.... ...:cool: ).
     
    Skidmarksdeluxe likes this.

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