USMS awards BitGo a $4.5M contract to help it hold and auction seized crypto

BitGo has won a contract with the U.S. Marshals Service (USMS) to help the law enforcement agency retain and sell seized cryptocurrency. The USMS contracted BitGo for just over $4.5 million.

The notice sought a provider that could account for possible network forks, airdrops and wallet management in addition to basic custody; the agency found that in BitGo for a price of $4,549,672.22. The custodian will hold seized crypto for the agency and assist in any technical aspects of the forfeiture process.

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