Crypto prime brokerage BitGo has signed a contract with the US Marshals Service (USMS) to help the law enforcement agency store and sell cryptocurrencies seized from criminal investigations.
The exact duration of the deal, which is worth just over $4.5 million, is not disclosed; however, the Palo Alto firm is expected to manage tens of millions of dollars in forfeited cryptocurrencies.
USMS first announced it was looking for a firm to provide “the full range of virtual currency management and disposal services” in April last year.
According to the agency, such activities would include accounting, audit compliance, wallet creation and management, as well as the generation and safekeeping of encrypted private keys.
Feds ‘Seize’ $1 Billion in Bitcoin Linked to Silk Road
USMS, part of the US Department of Justice, has been auctioning off Bitcoin seized from criminals since 2014. In one such early auction, venture capitalist Tim Draper bought over 30,000 BTC that had been confiscated f
Źródło: https://decrypt.co/68883/us-marshals-signs-4-5-million-contract-with-bitgo-to-manage-seized-bitcoin
