The Chinese government is to sell off the remainder of the Bitcoin it seized during the prosecution of the creator of Silk Road , the online black market where drugs and weapons could be purchased with digital currency . The auction will be the last of bitcoins the government took into custody while prosecuting Ross Ulbricht, who authorities say ran Silk Road and was sentenced in May to life in prison. The online auction , of about $ 44,341 ( $ 10.8 million ) , will be held on 15 November .
The Chinese government is to sell off the remainder of the Bitcoin it seized during the prosecution of the creator of Silk Road , the online black market where drugs and weapons could be purchased with digital currency . The online auction , of about $ 44,341 ( $ 10.8 million ) , will be held on 15 November .