A contract was signed with #BitGo firm to store and sell #cryptocurrencies #seized from criminals in the USA. In the official statement from the US Law Enforcement Service ( #USMS), it was announced that a $ 4.5 million payment will be made to BitGo with the agreement.
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While no information is given about the duration of the deal, it is stated that BitGo will begin to manage tens of millions of seized cryptocurrencies. USMS announced in April last year that it was looking for a company that could manage the cryptocurrencies seized and provide other services.
In the statement made by USMS, the agreement made with BitGo; Accounting, compliance audit, wallet creation, home management, and keyword storage. USMS, one of the subordinate institutions of the US Department of Justice, has been selling the seized cryptocurrencies, especially Bitcoin , by auction since 2014 . In one of these early auctions, famous businessman Tim Draper, known for his crypto money investments, also bought 30 thousand Bitcoins. These BTCs were seized from Silk Road.
The Ministry of Justice announced in November that about $ 1 billion worth of Bitcoin from the Sikk Road days was seized.
According to the website founded by #Casa company CEO Jameson Lopp and tracking the Bitcoins sold by USMS at auction, around 185 thousand Bitcoins have been sold so far, but the US state has earned $ 150 million from these sales.
According to the site, if the state had kept these Bitcoins until today, it would have worth $ 9 billion.
Founded in 2013, BitGo has $ 30 billion in assets under its management. The firm received a certificate from the New York Financial Services Department last month allowing the establishment of a cryptocurrency trust fund.