Australian Government May Soon Auction $9 Million in Silk Road Bitcoins

By November 1, 2014Bitcoin Politics

The bitcoin community could soon see another high-profile auction of bitcoins confiscated from users of the now-defunct online black market Silk Road.

Australian law enforcement officials are now in possession of 24,500 bitcoins ( worth $9.4m at press time ) following the conviction of their original owner, 32-year-old Warrandyte native Richard Pollard. Pollard was given an 11-year prison sentence today after pleading guilty to commercial drug trafficking, according to The Sydney Morning Herald .

Judge Paul […]

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