Opinion: Calculated at 2% custody fee, Coinbase may help the US Department of Justice to host 1.60 billion dollars in fines

Lin Chen, head of Asia Pacific commerce at Deribit, wrote on social platform X that the Department of Justice (DOJ) chose Coinbase Prime to custody the confiscated cryptoassets and paid Coinbase $32.25 million for the custody and processing contract. According to the custody fee of 2%, the Ministry of Justice may have 1.60 billion cryptoassets to deal with. The scale of this cryptoasset can also be called a top asset management company in the crypto field. Several of the Department of Justice's largest revenues this year also come from the crypto field.
The Department of Justice Marshals Service (USMS), the agency responsible for property forfeiture under the Department of Justice, went through a comprehensive process and selected Coinbase Prime to provide custody and advanced trading services for its class of (large asset) digital assets. These assets are centrally managed by the USMS to support federal law enforcement. The Department of Justice (DOJ) paid Coinbase $32.50 million to use its custody and trading services to dispose of confiscated cryptocurrencies.