Venture capitalist Tim Draper won the U.S. Marshals Service auction for nearly 30,000 bitcoins that were seized from Silk Road, the black market website busted last fall.
In a statement issued by Vaurum, Draper explained that he bought the bitcoins to further a new joint venture that will provide liquidity to people in emerging markets.
Image: Goh Seng Chong | Bloomberg - Venture capitalist Tim Draper and startup company Vaurum will use the 30,000 bitcoins Draper bought from the U.S. Marshals Service to expand bitcoin trading platforms in emerging markets.
To read the original article: Tim Draper wins bitcoin auction held by U.S. Marshals Service; will partner with Vaurum to use former Silk Road bitcoins in emerging markets - Baltimore Business Journal
