Bitcoin was seized by the FBI. The site traded in drugs and other illegal goods. Ulbricht alleged mastermind behind Silk Road and is currently awaiting trial on narcotics trafficking, computer hacking and money laundering offences. The US Marshals Service said the Bitcoins up for auction were those that had "resided on Silk Road servers. The Bitcoins have been forfeited to the US government. The US authority not sell to Ross William Ulbricht. Prospective bidders will have all offers must be made in cash. The price of Bitcoin, as measured by CoinDesk, fell following news of the sale, but has since made a modest recovery.