Share this article
Bitcoin Exchange itBit Revealed as US Marshals Auction Winner
New York-based bitcoin exchange itBit secured 3,000 BTC during the latest USMS bitcoin auction.
By Stan Higgins
Updated Sep 14, 2021, 2:01 p.m. Published Mar 10, 2015, 9:01 p.m.
Make us preferred on GoogleNew York-based bitcoin exchange itBit has revealed it was one of the three participants in the latest US Marshals Service (USMS) bitcoin auction to place a winning bid.
itBit is reporting it successfully secured 3,000 BTC, worth roughly $888,000 at press time. The amount was the smallest total accumulated among the three winners.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Two other bidders, the identities of whom are not public at this time, won 27,000 BTC ($7.9m) and 20,000 BTC ($5.9m) during the auction, respectively.
The disclosure comes shortly after the government agency announced the successful transfer of the 50,000 BTC auctioned earlier this month to the three winners.
The bitcoins were originally seized from Ross Ulbricht in October 2013 following his arrest in connection with the online black market Silk Road.
More For You
Bitcoin see-saws around $68,000, DOGE, ETH slide as tariff uncertainty weighs on risk assets
President Donald Trump raised the global tariff rate to 15% despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
What to know:
- Bitcoin fell to about $67,500, extending weekly losses as renewed trade tensions and legal uncertainty over U.S. tariffs weighed on risk assets.
- President Donald Trump raised the global tariff rate to 15 percent despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
- Major cryptocurrencies, including Ether, XRP, Solana, Dogecoin, Cardano and BNB, also declined as digital assets continued to trade in line with broader macro and trade headlines.
Top Stories
