US Marshals Service Seeks Firm to Custody and Sell Crypto Seized From Criminals

US Marshals Service Seeks Firm to Custody and Sell Crypto Seized From Criminals

Credit: Shutterstock/Johnny Silvercloud

The U.S. Marshals Service (USMS) is on the hunt for a contractor to help manage the cryptocurrency it seizes in operations against criminals.

One of the oldest federal law enforcement agencies in the country, the USMS has updated its request for information it put out on April 24 to relating to virtual currency management and disposal services, as first by The Block.

“This includes but is not limited to such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation and management, private encryption key generation and safekeeping, backup and recovery of private encryption key material, airdrops, etc., as well as future actions associated with the virtual currency forfeiture process,” a description of the contract on the the U.S. government’s SAM database reads.

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