The United States Marshals are recruiting to manage forfeited cryptocurrencies for the Asset Forfeiture Division. The law enforcement agency is now in search of a virtual currency manager to maintain and take control of all blockchain activities like token transfers, wallet creation, and wallet transactions to name a few.
The world of bitcoin and digital cryptocurrency isn’t a new deal for the US Marshals who have who have sold thousands of BTC in auctions over the last few years. However, they are in need of a specialist to help them dispose of the large chunk of digital assets that they have seized recently. In case of traditional civil forfeiture, seized items are usually auctioned off to the highest bidder, thus leaving no digital footprint behind. However, in the case of cryptocurrencies like Bitcoin, Ethereum, and Ripple, auctioning or selling isn’t as easy.
United States Marshals Service and Cryptocurrency
The past few years have seen the law enforcement agency racking up thousands of seized bitcoin. The US Marshals Service obtained about 144,336 bitcoins valued at over $48 million in 2013 after shutting down the Silk Road market.
Scope of the Position
The contract states that the position for virtual currency manager would be for a year. The contract can be extended if required. The currency manager can work alone but is expected to pay regular visits to the US Marshal Services located in Arlington. The contractor is required to provide all the storage needs and maintain and record an accurate accounting of the inventory.
The contract further states that the newly hired employee is to hold full responsibility to avert the loss of data through theft, man-made error or system breach. In case of the auction of bitcoins or other cryptocurrencies, the contractor is responsible for every transfer made to the winner of the auction.
The employee would also be accountable for the exchange of virtual currency into USD. Lastly, the contract states that the US Marshal Services hold every right for the termination of the contract before the deemed period in case of misconduct or other security purposes.
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