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.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy