24518 bitcoin Australian authorities seized auction plan
According to the Australian SMH reported that the Australian authorities will auction 24518 coins seized from drug traffickers in Melbourne in the near future. Digital currency of the Australian authorities seized the auction for the first time, calculated in accordance with the market price, the value of bitcoin is about $9 million 600 thousand.
At present, these assets have been limited, after will be submitted by the Ministry of justice auction sale, the proceeds will be handled by the Australian national comprehensive fund.
Richard Pollard, 32 years old this year, after he pleaded guilty to drug trafficking in their own business, on Friday by the Melbourne court sentenced to 11 years imprisonment without parole, he has received in seven years and four months, and he has been detained for 325 days.
According to the police, Pollard during the 12 years from August to December, has sold 2.8 kg MDMA, 876 grams of virus, 44 grams of cocaine, 30 grams of ketamine, and fentanyl, furans and poison, the police also seized from Pollard’s 61 marijuana plants.
In December 2012, Vitoria local police from Pollard’s search to $58000 in cash, in 2013, the police seized from him to a bitcoin wallet, found that there are 24518 coins.
It is reported that Pollard is a silk road online black market of these drugs, at the end of 2013, the FBI seized the site, and from the founder of the seized nearly 144000 bitcoins.
At the end of June 2014, the U.S. Marshals Service auction part of the bitcoin seized a total of 29657.
In July 2, 2014, Tim Draper announced that 29657 bitcoin took the Marshals Service auction.
Bitcoin, which is composed of Nakamoto made in 2008 to go to the center of a digital currency, according to the design rules, the total will be infinitely close to 21 million, currently on the market circulation of about 13 million 400 thousand bitcoins.