The FBI is Auctioning Off its Seized Silk Road Bitcoin Hoard

By Jamie Condliffe on at

Late last year, the FBI seized Silk Road and the assets of its founder. Now, it's planning to auction off the hoard of Bitcoin, worth around $18 million (£10.6 million), that it took control of.

The stash will be put up for public auction on June 27th. The total of 30,000 BTC will be broken down into 3,000 BTC blocks to make the purchase of the currency slightly easier, but you'll still have to front a deposit of $200,000 (£118,000) just to be allowed to take part in the auction. So, err, good luck with that. [WSJ]