Silk Road served nearly 1 million customers and it was shut down by the FBI in October 2013 when it confiscated around 30,000 Bitcoins.
Agents also arrested Ross William Ulbricht, who is supposed to have owned and managed the site using the monicker Dread Pirate Roberts. Both confiscated the Bitcoins he held, and charged him with narcotics trafficking, computer hacking and money laundering charges, according to the government.
Federal Marshals said the Bitcoins will be auctioned in blocks of about 3,000 Bitcoins, which are worth USD 1.8 million each, according to the Marshals and the conversion website Preev, the same source cites.
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