On Thursday, the US Attorney Office of the Northern District of Ohio announced that the four main culprits have been booked for allegedly manufacturing and transferring fake details of people such as the driving license and personal identification cards which were issued by the states of Ohio, Michigan and Utah. The authorities have seized more than 500 Bitcoins which are worth $5.4 million at the present exchange rate.
The department of justice of the United States has asked the court to surrender the assets under the country’s controversial civil asset forfeiture laws, after which those assets would be auctioned for the general public. The government has held several auctions before also for the general public over the previous years. It involved 144,336 BTC from the alleged named Ross Ulbricht, who had operated from the dark web marketplace Silk Road. The US Marshalls Service found about $48 million coins from the Silk Road coins, which in this current period have net worth of $1.6 billion a value which is not inclusive of the value of coins created through subsequent Bitcoin forks.
The last auction help by the US Marshals, there 3,813 BTC which were seized from a variety of individuals from the criminal society who were booked under different cases of crime such as the administrative, civil and criminal crime cases.
As per CCN resources the Finland government is likely to auction of its first Bitcoin Sale, as it is said that the treasury department of the country has recommended the government to auction off approx..2000 BTC seized in connection of people selling drugs which was busted in 2016. Later on most of the coins were seized from an individual who was involved in the drug mafia for selling narcotics and performance-enhancing drugs on Silk Road. Those coins are worth $2.7 million in there current period.