Post
Topic
Board Press
Re: [2014-06-13] Bitcoin Prices Plunge As US Government Prepares To Auction Off Huge
by
BurtW
on 13/06/2014, 13:03:21 UTC
lol... all the gains from Expedia / HashPlex wiped out. Bad news for me, as I was preparing to convert some of my coins to fiat. BTW.... which exchange are they going to use, for auctioning the coins?
The facts are very easy to find right here:

http://www.usmarshals.gov/assets/2014/bitcoins/

I do not understand why you think they would need or use an exchange (?).  They are going to simply auction them off in 10 blocks of 3,000 coins.

Don't they first have to prove that all the Bitcoins are from illegal purposes?
Many months ago a judge ruled they can/must liquidate (convert to "real" US recognized legal tender) this 30K of BTC.  So, yes, the sale had to be declared legal, and yes, the source of the funds has been determined by a judge to have been from illegal purposes.