Cryptocurrency News

Seized crypto safe with US Marshals Service? Not so much, new audit reveals

2022.06.15 14:21

Seized crypto safe with US Marshals Service? Not so much, new audit reveals
Seized crypto safe with US Marshals Service? Not so much, new audit reveals

The Office of the Inspector General (OIG) for the United States Department of Justice conducted an extensive audit of the cryptocurrencies seized by the U.S. Marshals Service (USMS) — revealing the dire need for the federal agency to revamp its existing crypto management and policy systems.

OIG’s audit on the seized cryptocurrencies found the USMS implementing adequate safeguards over its storage and access. However, the agency was found to be using spreadsheets to maintain track of the inventory owing to the inability of the existing system, Consolidated Asset Tracking System (CATS), for daily management of crypto assets.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 67,064.97 0.99%
ethereum
Ethereum (ETH) $ 2,613.75 1.44%
tether
Tether (USDT) $ 0.999603 0.09%
bnb
BNB (BNB) $ 588.37 1.88%
solana
Solana (SOL) $ 164.81 2.36%
usd-coin
USDC (USDC) $ 1.00 0.08%
xrp
XRP (XRP) $ 0.529795 2.74%
staked-ether
Lido Staked Ether (STETH) $ 2,614.07 1.39%
dogecoin
Dogecoin (DOGE) $ 0.138268 5.45%
tron
TRON (TRX) $ 0.160302 0.70%
the-open-network
Toncoin (TON) $ 5.20 0.83%
cardano
Cardano (ADA) $ 0.363805 0.78%
avalanche-2
Avalanche (AVAX) $ 27.22 3.31%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,087.51 1.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 3.33%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,908.93 0.92%
weth
WETH (WETH) $ 2,612.64 1.41%
chainlink
Chainlink (LINK) $ 11.71 2.25%
bitcoin-cash
Bitcoin Cash (BCH) $ 354.93 2.68%
polkadot
Polkadot (DOT) $ 4.27 3.42%
dai
Dai (DAI) $ 1.00 0.08%
uniswap
Uniswap (UNI) $ 7.77 2.22%
near
NEAR Protocol (NEAR) $ 4.62 4.05%
leo-token
LEO Token (LEO) $ 6.07 0.04%
aptos
Aptos (APT) $ 10.46 5.06%
sui
Sui (SUI) $ 1.91 5.48%
litecoin
Litecoin (LTC) $ 69.29 2.30%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,745.38 1.40%
pepe
Pepe (PEPE) $ 0.00001 3.83%
bittensor
Bittensor (TAO) $ 543.36 2.94%
internet-computer
Internet Computer (ICP) $ 7.84 2.61%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33 4.52%
kaspa
Kaspa (KAS) $ 0.133088 0.46%
monero
Monero (XMR) $ 157.71 0.18%
stellar
Stellar (XLM) $ 0.095086 1.31%
ethereum-classic
Ethereum Classic (ETC) $ 18.89 2.99%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.363647 2.62%
blockstack
Stacks (STX) $ 1.80 2.15%
first-digital-usd
First Digital USD (FDUSD) $ 0.999039 0.21%
whitebit
WhiteBIT Coin (WBT) $ 18.15 1.51%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
immutable-x
Immutable (IMX) $ 1.47 5.03%
okb
OKB (OKB) $ 40.17 0.29%
dogwifcoin
dogwifhat (WIF) $ 2.41 5.33%
arbitrum
Arbitrum (ARB) $ 0.576095 3.78%
aave
Aave (AAVE) $ 150.59 2.28%
filecoin
Filecoin (FIL) $ 3.76 3.32%
optimism
Optimism (OP) $ 1.70 2.38%
crypto-com-chain
Cronos (CRO) $ 0.076774 1.68%
mantle
Mantle (MNT) $ 0.603103 1.11%