May 28, 2023

The US government will auction 4040 bitcoins

The US government will auction 4040 bitcoins

The US Marshals Service will put up for sale 4040 previously confiscated bitcoins, which at the current rate is about $ 37.5 million. The auction is due to take place on February 18.

The total volume of cryptocurrency will be divided into separate lots, which they plan to sell in six hours. Bids will be accepted by email only from accredited bidders.

To get admission, everyone should register and make a deposit of $ 200 thousand, which will be returned to the participant if their bid does not win. A total of 4 will be presented lots for 2500, 1000, 500 and 40.54 bitcoins, respectively, three of which in turn will be divided into 5 and 10 blocks.

The US government will auction 4040 bitcoins

The last time the U.S. held a similar sale in November 2018.

According to the Marshals Service, the coins displayed this time were seized during more than 50 confiscations and court cases.

Despite law enforcement struggling withusing cryptocurrency in illegal transactions, according to Chainalysis, in 2019, darknet markets doubled their share in the total number of bitcoin transactions, and sales volumes with the participation of the leading cryptocurrency grew by 70%.