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A Deribit executive speculates that the U.S. Department of Justice probably has to deal with 1.6 billion in crypto assets

A Deribit executive speculates that the U.S. Department of Justice probably has to deal with 1.6 billion in crypto assets

Bitget2024/07/02 06:14
BTC+0.40%

PANews reported on July 2nd that Lin Chen, the head of Deribit's Asia-Pacific business, stated on platform X that the U.S. Department of Justice (DOJ) chose Coinbase Prime to manage and process forfeited crypto assets. The DOJ paid Coinbase $32.25 million for this custody and processing contract. Based on a custody fee of 2%, it is estimated that the DOJ has about $1.6 billion in crypto assets to handle. This scale of crypto assets can also be considered as leading asset management companies in the crypto field. The largest revenues for the U.S Department of Justice this year have all come from the crypto sector.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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