U.S. Marshals are preparing to auction nearly 30,000 bitcoins that were seized from Ross Ulbricht, the man charged for creating an anonymous drug sales site, Silk Road.
Ulbricht was charged with drug trafficking, computer hacking and money laundering for his connection to Silk Road, a hidden Web site that was designed to enable its users to buy and sell illegal drugs over the Internet anonymously, the U.S. Marshals said.
The auction is set for June 27. Potential bidders must register and make a refundable deposit of $200,000.