Ernst & Young to sell $16 million in confiscated Bitcoin at auction in Sydney
Jessica SierContributor
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Around $16 million worth of Bitcoin is up for auction in Sydney next month after they were confiscated as proceeds of crime last year.
Ernst & Young will facilitate the first Bitcoin sale process of its kind in Australia and only the second globally. The US Marshals Service conducted several sales during 2015 following the arrest and conviction of Ross Ulbricht, the mastermind behind online drug marketplace Silk Road.
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