May 6, 2024

Analyst company Chainalysis will help the authorities to sell confiscated cryptocurrency

Analytics company Chainalysis will launch a program that will help government agencies store andsell confiscated cryptocurrency.

Chainalysis is a partner of Asset Reality Asset Asset Asset Asset Management.

"As our government partners move against intruders, helping to recover and sell assets is the next logical step," the statement said.

Earlier, the American authorities have already sold at auctionconfiscated bitcoins. In June, the US Federal Marshals Service filed a request to find a contractor to accompany digital assets from the moment of their seizure to subsequent sale.

Chainalysis presented a new solution after the US Department of Justice confiscated 69,370 BTC associated with Silk Road on November 3. The company assisted authorities in tracking 54 transactions.

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