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US Marshals Service Chooses Anchorage Digital for Custody of Seized Digital Assets

The U.S. Marshals Service (USMS), part of the Division of Justice, is now utilizing Anchorage Digital for the custody of its trove of tainted seized digital belongings. 

In an announcement Wednesday, Anchorage Digital stated after a yearlong bidding course of the legislation enforcement company USMS Asset Forfeiture Division will probably be utilizing its custodial companies.

CoinDesk reported in April that crypto custodian BitGo was set to handle the USMS digital belongings beneath a $4.5 million contract. However that deal seems to have fallen by means of. 

“We’re unable to touch upon BitGo, however Anchorage participated in additional than a yearlong course of, and in the long run, we have been chosen,” a spokesperson from Anchorage informed CoinDesk. “There are lots of elements at play in relation to a call just like the DOJ’s.”

Amongst its actions in dismantling organized crime operations, the USMS seizes belongings which might be the “proceeds of, or [are] used to facilitate, federal crimes.”

Not too long ago, the USMS has seized extra digital belongings in its work.

Anchorage Digital stated that it’s going to additionally present “such actions as accounting, buyer administration, audit compliance, managing blockchain forks, pockets creation, transformation of token belongings into coin belongings, and so on., in addition to future actions related to the digital foreign money forfeiture course of.”

Representatives of USMS and BitGo didn’t instantly reply to CoinDesk.

UPDATE (July 28, 18:46 UTC): Up to date to make clear description of USMS within the first paragraph.

Source: CoinDesk

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