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Someone Just Bought $19M in Silk Road Bitcoins From the Feds

posted onJuly 2, 2014
by l33tdawg

Somebody just bought a whole heck of a lot of bitcoins.

Last week, the U.S Marshals’ Service auctioned off 29,656.5 bitcoins it had seized from the Silk Road, the online illicit drug marketplace the feds shutdown this past fall, and on Tuesday, the service said it has moved all those bitcoins—the equivalent of about $19 million—into the online wallet of the lucky auction winner. Lynzey Donahue, a spokeswoman for the service confirmed that the entire stash of seized bitcoins went to a single bidder, but she wouldn’t say who that was—or how much they paid for the bitcoins. Speculation in the bitcoin community is that they went for pretty close to market value. That’s about $640 today.



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