US marshals to auction 50,000 bitcoins seized from Silk Road

Ross Ulbricht was convicted two weeks ago of being the mastermind behind Silk Road, an online black market that flew beneath law enforcement’s radarThe US government on Wednesday said it plans to auction 50,000 bitcoins on 5 March, following the recent criminal conviction of Ross Ulbricht for being the mastermind behind the online black market known as Silk Road. Related: Silk Road's 'Dread Pirate Roberts' convicted of running online drug marketplace Continue reading...