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U.S. Marshals Hiring Crypto Expert to Manage Massive Bitcoin, Bitcoin Cash, Ethereum and Litecoin Holdings

June 09, 2020

The U.S. Marshals Service is ramping up its search for an expert to help organize a trove of crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The agency is now looking for a contractor who can help seize, maintain, store, sell and dispose proceeds from illegal activities, recovered from criminals who turn to virtual assets because of the perceived anonymity and privacy of transactions.

The USMS is also offering details on just how much cryptocurrency it holds.

Here’s a look at a three-year average of its crypto portfolio, featuring more than $65 million in Bitcoin and $9 million in Ethereum.

The agency wants a manager who can handle the intricacies of crypto asset management such as creating wallets, managing blockchain forks and transferring tokens.

“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.”

The contract will be for one year, but can be extended for an additional four years if necessary.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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