Feds to profit from huge auction of bitcoins

The government this week will auction bitcoins seized by authorities from a Russian hacker, a young Mormon accused of being an opioid kingpin and other high-profile cases.

Analysts predict the U.S. Marshals Service will fetch nearly $50 million from Monday’s auction of 3,814 bitcoins. It is described as the largest government auction for the cryptocurrency, whose price has fluctuated wildly.