A bitcoin auction will be conducted by US Marshall Services

There is an auction of about 2,170 bitcoins announced by the U.S. Martial Services that were seized during various federal criminal, civil and administrative cases, as stated in a March 5 press release.

It has been informed that the auction date will be held on March 19, 2018, from 8 am to 2 pmEDT. Bidders interested in participating in the auction must go through a registration process, along with a 200,000 deposit that must be paid by noon March 14 EDT.

Bitcoins will be split and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC and one block of about 70 BTC. A personal notification will be sent to the winning bidders on the same day of the auction.

The U.S. Marshals Service has posted on its website a list of cases involving bitcoin seizures in the form of an official notice. Shawn Bridge, one of the records, was convicted in 2015 of stealing $ 800,000 in Bitcoin.

The U.S. Martial Services previously conducted auctions of bitcoins that were seized during the civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, valued at over $ 40 million, according to the exchange rate for that particular day.

The previous auction was conducted in August 2016 where 2,700 BTC were sold. The estimated market value at that time was about $ 1.6 million.

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