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US Marshals likely selling Silk Road Bitcoin, says lawyer

The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.

United States finance lawyer Scott Johnsson has said the US Marshals Service (USMS) is almost certainly in the process of selling Bitcoin seized from the infamous Silk Road marketplace. 

Johnsson’s assertions are grounded in a service agreement signed between the USMS and Coinbase in June. According to Johnsson, this agreement indicates that once Bitcoin (BTC) reaches Coinbase Prime, it is a clear sign that the USMS has either sold or is about to sell these assets. 

Johnsson explained that the USMS has been sending Bitcoin to a custodial address in accordance with the agreement’s terms.

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DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service

DOJ Selects Coinbase to Provide Crypto Services to US Marshals ServiceThe Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring professional and lawful handling. Coinbase Wins $32M Contract With US Marshals Service Crypto exchange Coinbase […]

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