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BitGo Signs A $4.5 Million Crypto Custody Contract With The Marshals Service
Summary: Cryptocurrency custodian BitGo signed a $4,549,672.22 contract with the U.S. Department of Justice's Marshals Service (USMS) to custody confiscated cryptocurrencies, as first reported by Coindesk. The contract estimated that BitGo will custody more than $50 million of crypto assets confiscated by the department each year. According to the report, between 2017 and 2020, USMS seized an ...
Cryptocurrency custodian BitGo signed a $4,549,672.22 contract with the U.S. Department of Justice's Marshals Service (USMS) to custody confiscated cryptocurrencies, as first reported by Coindesk.
The contract estimated that BitGo will custody more than $50 million of crypto assets confiscated by the department each year.
According to the report, between 2017 and 2020, USMS seized an average of 62,000 cryptocurrencies each year.
By Mary Liu
Tags: BitGo,Cryptocurrency,USMS
Link: BitGo Signs A $4.5 Million Crypto Custody Contract With The Marshals Service [Copy]
