According to the website of U.S. Marshals service, the authority is going to sell 600 bitcoins (Bitcoin: BITCOIN) through public auction. The total value of the coins put up for auction will be about 4.3 million dollars. All coins were seized by law enforcement agents during different investigations.
As it was also stated, the auction will be held on November 5th. Those who wish to participate need to register no later than October 31 and make a $ 200 thousand deposit.
In the first part of the auction, bitcoins will be sold by six blocks of 100 coins each and then the last 60 bitcoins will be placed for sale. Participants won't be able to see the bets of others and will not be able to change their own.
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