Update: Auction of Bitcoin by USA
The United States Marshall Services have apparently expanded their planned Bitcoin auction. The United States Department of Justice agency is auctioning off 3,813 bitcoins seized from 10 separate cases on January 22. Interested parties can contact us from 11.1. until 19.1. to register.
As we reported earlier , the authorities intend to auction the 513 Bitcoin confiscated by Aaron Michael Shamo, who was arrested in November 2016. As you can see from an official announcement , the US representatives are now expanding this already considerable number of cryptos to a total of about 7.5 times the amount.
A selection of cases
The seized cryptos are therefore composed of cases of criminal, civil and administrative violations. In addition to the case of Shamiro, who enriched himself with counterfeit drugs in the opioid epidemic in the land of limitless possibilities, there is also the case of Daniel Summerfield . This has in conversation with Undercover agents admitted to have sold in the Darkweb for the 100 kilograms of marijuana. He then sold the proceeds on exchanges, such as LocalBitcoins, to exchange the money back into Fiat currency.
Another case was that of Alexander Konstantinovich Tverdokhlebov , who is said to have infected a total of half a million computers with malware via a botnet. He is said to have stolen most of the credit card information and so have captured sums between 9.5 and 25 million US dollars. The authoritative alcohol, marijuana and cocaine consumers are said to have scavenged some of his prey with Bitcoin.
Other seized coins come from unspecified wallets, which fall under the category "administrative forfeiture" according to Statemet. These offenses are those where the authorities seize property without a court order. This may not exceed a respective total value of half a million US dollars.
The auction of the confiscated cryptocurrencies consists of three different blocks. There are 5 blocks each of 500 and 100 bitcoins, and one block for the remaining 813 bitcoins. Anyone who signs up for the auction, however, must first deposit a security of $ 200,000.
The conditions for registration
Who wants to take the US government Bitcoin, must take four precautions. Interested parties must first complete a registration form . Subsequently, the bidders must submit a copy of a badge document and the $ 200,000. In order to complete the registration for auction, they will ultimately need a confirmation of this transfer, which must come from a US based bank. All these conditions must be sent to the authorities by e-mail to the authorities for verification. The pre-extension of the $ 200,000 ultimately serves to protect the authorities - who fails to pay the Bitcoin forfeits the right to his money. However, if you are successful, the money will be credited as a down payment.
Conditions for participants
The winners will be notified at the end of the auction on January 22nd. Unless they are on the Special Designated Nationals and Blocked Persons List, members of selected nationalities are allowed to participate in the auction. Excluded persons, groups of people and entities include US-sanctioned countries, traffickers of prohibited substances and members of terrorist groups. (If you, what we do not hope, belongs, you will learn here and here ).
However, it is not absolutely necessary to buy 500, 50 or 813 Bitcoin in one fell swoop as an individual. Interested parties can join together in groups and then offer together on the respective blocks.
Thus, despite all concerns and warnings , the United States will capitalize on the volatile cryptocurrencies. In that case, she will probably get far more profit out of less Bitcoin than last time in 2015. Let's just hope that the cryptos will not get into the wrong hands afterwards.