Lawyer Scott Johnsson has suggested that the U.S. Marshals Service (USMS) is likely in the process of selling Bitcoin seized from the Silk Road operation.
Johnsson’s analysis is based on the USMS’ recent transfers of BTC to a custodial address stipulated in its service agreement with Coinbase. The agreement mandates that USMS assets remain completely isolated until transferred to a mixed trading platform like Coinbase Prime, indicating a sale or imminent sale.
Formal confirmation is expected in the Department of Justice’s fiscal year 2024 asset forfeiture plan report.
Coinbase had previously announced in July that the USMS had selected Coinbase Prime for custody and advanced trading services for its large digital assets. These assets are centrally managed by the USMS in support of federal law enforcement activities.
