Home Crypto U.S. Marshals Hire Custodian To Handle Massive Trove of Seized Crypto Holdings

U.S. Marshals Hire Custodian To Handle Massive Trove of Seized Crypto Holdings

The U.S. Marshals Service (USMS) is hiring crypto custody agency Anchorage Digital to deal with a trove of seized cryptocurrencies together with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

The USMS is a legislation enforcement company of the U.S. Department of Justice and a key half of the division’s Asset Forfeiture Program. The USMS’s Asset Forfeiture Division seeks to “improve public security and safety” by cracking down on organized crime operations and eradicating monetary incentives for committing federal crimes.

According to a press launch from Anchorage, the USMS selected Anchorage Digital after a year-long search for an professional to safe their digital asset holdings and to assist seize, handle and dispose of proceeds from unlawful actions.

Anchorage will provide a spread of cryptocurrency providers for the USMS, together with custody, liquidation and “such actions as accounting, buyer administration, audit compliance, managing blockchain forks, pockets creation, transformation of token belongings into coin belongings … in addition to future actions related to the digital forex forfeiture course of.”

Founded in 2017, Anchorage Digital is a full-service monetary platform and infrastructure supplier for the digital asset area. They are headquartered in San Francisco, California, and have workplaces in Porto, Portugal and Sioux Falls, South Dakota.

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Featured Image: Shutterstock/Tithi Luadthong

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