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U.S. Marshals Service hires custodian to hold crypto seized in criminal activity

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Yuriko Nakao | Getty Images

The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases.

The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of seized crypto. The contract was previously awarded to BitGo, which was acquired in May by Galaxy Digital.

The agency’s Asset Forfeiture Division removes financial incentives for crime operations, which often also include real estate, art, vehicles, jewelry and cash.

Anchorage will provide custody and liquidation services, which could include…



Source cnbc.com

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