Hey BTC enthusiasts! 🚀 The US Department of Justice is set to auction off 2,933 BTC confiscated from Ryan Farace and Shaun Bridges, who were involved in illegal transactions and Silk Road-linked activities. The BTC is divided into two lots - one of about 58.74 BTC and a much larger lot worth nearly 2,875 BTC. 📊

Ryan and his father, Joseph Farace, were convicted in 2018 of selling Xanax on darknet marketplaces. Meanwhile, former FBI agent Shaun Bridges stole a significant amount of BTC from a Silk Road site administrator's account. 🕵️‍♂️

The U.S. Government plans to sell the confiscated BTC after the grace period for mitigation claims has passed. This has led to speculations on whether the sale will result in another price decline for the cryptocurrency, which has already been down by almost ten grand in the past few weeks. Keep an eye on this, folks! 👀