Feds are free to sell seized Silk Road bitcoins worth $25 million

Tibanne CEO Mark Karpeles At Mt.Gox Bitcoin Exchange And Bitcoin Images

The U.S. Marshals will likely auction off the Bitcoins.

The online drug bazaar, Silk Road, was taken down this past October by the feds.  Nearly, 30,000 bitcoins in Silk Road’s coffers was seized in the process.  Last week, the Manhattan U.S. Attorney’s office, which is prosecuting the Silk Road case, announced that a judge had signed off on a forfeiture order for those coins. That means they’re now free to get rid of the 29,655 bitcoins, worth about $25 million at Bitcoin’s current $850 value.

 

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