EY Auction of Seized Bitcoins Worth $13m Points to Silk Road

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EY Auction of Seized Bitcoins Worth $13m Points to Silk Road

Postby kreslik.news » Sun May 29, 2016 4:14 pm


UK-headquartered multinational professional services firm Ernst & Young (EY) has been hired by one of its clients to help auction 24518 confiscated bitcoins in Sydney, after the lot had been seized by authorities as proceeds related to crime, with an estimated value of just over $13m at today’s rate, according to an EY statement on the planned sale.

EY said the auction is also open to bidders outside of Australia, and expected interest from currency exchanges, asset managers, and other market participants such as investment banks and hedge funds, as highlighted by Reuters’ coverage on the news this Monday.

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