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FBI To Auction Off Confiscated Cyber Currency

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Fancy cars, jet skis, cold, hard cash - all things the FBI has seized from drug dealers. Now they also have cyber currency, $17 million worth of bitcoins confiscated from the illegal, online drug market, Silk Road. So they're auctioning off the entire stash at bargain prices. This virtual liquidation could cause the value of bitcoins as a whole to fall, but the FBI says everything must go. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

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