SecondMarket Among Bidders in Third Silk Road Bitcoin Auction
This article is for subscribers only.
SecondMarket Inc. said it participated in the U.S. government’s third bitcoin auction to dispose of virtual currency seized by authorities when the illicit Silk Road online marketplace was shut down in 2013.
Some 14 participants submitted 34 bids for the 50,000 bitcoins up for sale on Thursday, according to the U.S. Marshals Service. Bitcoins will be transferred to winner or winners on Monday at the earliest, the agency said.