Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $30,049.00-0.72% 24H
    BITCOIN
    24H : -0.72%
    Volume : $26,769,354,585.00
    Marketcap : $572,010,013,110.00
  • ethereumEthereum(ETH)
    $2,041.94-1.95% 24H
    ETHEREUM
    24H : -1.95%
    Volume : $17,938,244,915.00
    Marketcap : $246,622,295,898.00
  • binancecoinBNB(BNB)
    $299.37-1.03% 24H
    BNB
    24H : -1.03%
    Volume : $1,654,639,999.00
    Marketcap : $50,325,576,854.00
  • rippleXRP(XRP)
    $0.421-2.27% 24H
    XRP
    24H : -2.27%
    Volume : $2,328,736,582.00
    Marketcap : $20,378,702,705.00
  • cardanoCardano(ADA)
    $0.5691.51% 24H
    CARDANO
    24H : 1.51%
    Volume : $1,134,561,845.00
    Marketcap : $19,241,363,636.00
  • terra-lunaTerra(LUNA)
    $0.00018-37.15% 24H
    TERRA
    24H : -37.15%
    Volume : $2,208,610,464.00
    Marketcap : $1,157,901,299.00
Coinscreed
No Result
View All Result
homerun token
Home Cryptocurrencies

US government hires Anchorage Digital to handle seized crypto

LollyCrypt by LollyCrypt
10 months ago
in Cryptocurrencies
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
The US government has recruited the services of a cryptocurrency custodian company Anchorage Digital to handle the digital assets taken from criminals.
US government hires Anchorage Digital to handle seized crypto

The United States Marshals Service (USMS), a branch of the US Department of Justice (DOJ), has picked cryptocurrency custodian Anchorage Digital to store crypto assets confiscated by law enforcement organizations, according to a blog post published on Thursday.

Cash, real estate, art, and other valuables used in the commission of a crime are seized by the USMS. The agency has been forfeiting digital assets used in illicit operations as Bitcoin (BTC) and other cryptocurrencies have grown in popularity.

SuggestedArticles

Goldman Sachs And Barclays Invest In UK's Elwood Crypto Trading Platform

Goldman Sachs And Barclays Invest In UK’s Elwood Technologies

6 hours ago
Russia's Bitrivers Mulls To Challenge US Sanctions

Russia’s Bitriver Mulls To Challenge US Sanctions

4 days ago

In 2019, the USMS began looking for a partner to handle the confiscated crypto assets. Anchorage Digital, the first chartered bank for cryptocurrency, was named as USMS’s partner, according to the release.

“After more than a year-long process, we are proud to announce that Anchorage Digital has been selected as the provider of digital asset custody and financial services for the United States Marshals Service (USMS),” Anchorage Digital said in its statement. “This award speaks to both the quality of the platform we have developed and the stringent processes and procedures we have put in place around its use.”

The San Francisco-based company said it will provide the USMS with a range of cryptocurrency services, including custody, liquidation, audit compliance, management of blockchain forks, wallet creation, token asset conversion to coin assets, and actions related to virtual currency forfeiture.

“​​There’s no traditional bank that actually offers these services because this is extremely complex from a technical perspective,” Anchorage’s co-founder and President told Recode. “It’s very hard to store these safely. In fact, there are many, many stories of people losing access to their bitcoin and other cryptocurrency wallets and just losing access completely to them without the ability to be recovered.”

The Department of Justice said in June that it had seized 63.7 bitcoins (BTC) worth $2.3 million. The monies are said to be the result of a ransom payment made to members of the DarkSide group, which was responsible for the Colonial Pipeline attack.

Tags: Anchorage DigitalcryptoUS government

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.