Share this article
US Marshals to Auction 50,000 Bitcoins in March
The US Marshals will auction $11.85m in bitcoins in connection with a civil forfeiture action against and the criminal conviction of Ross Ulbricht.
By Pete Rizzo
Updated Sep 11, 2021, 11:33 a.m. Published Feb 18, 2015, 5:45 p.m.
The US Marshals Service has announced it will auction off 50,000 BTC, worth $11.85m at press time, to the public on 5th March.
The auction will take place from 8:00 EST to 14:00 EST, with bids being accepted only by pre-registered participants. Bidders must complete the registration process by 2nd March to be eligible, while winning bidders will be notified 6th March.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As in previous auctions, the 50,000 BTC will be split into smaller auction blocks. This time 20 in total will be auctioned, with 10 blocks of 2,000 BTC and 10 blocks of 3,000 BTC for sale.
The federal agency, which manages assets seized during criminal investigations, obtained the coins from original owner Ross Ulbricht, who was recently convicted of running the online black market Silk Road and now awaits sentencing.
The news follows statements to CoinDesk in January that indicated the agency would plan to move forward with another bitcoin auction in the first quarter of 2015.
Image via Wikipedia
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Infinex revises fundraising structure, replaces $5 Million raise plan with fair allocation model
The exchange changed its token sale after raising $600,000 in three days, dropping a $5 million target and $2,500 wallet cap in favor of a fair allocation model.
What to know:
- Infinex altered its token sale terms after raising $600,000 in three days, facing criticism for favoring certain wallets.
- The initial $5 million raise plan with a $2,500 per-wallet cap was scrapped in favor of a max-min fair allocation model.
- Despite raising $67 million last year, Infinex struggled to attract participants and acknowledged poor communication of its product benefits.
Top Stories
