Marshals Crypto Award Stands Despite Alleged $46 Million Theft

Command Services & Support Inc. can perform a $23 million US Marshals Service contract to secure seized cryptocurrency even though the government charged an employee with theft of more than $46 million in cryptocurrency held for the agency, a federal court said.

The government’s explanation that it couldn’t have prevented the theft did “little to assuage” concerns about fraud, said Judge David A. Tapp of the US Court of Federal Claims, but protester Wave Digital Assets LLC didn’t show that the initial contract award decision was fatally flawed.

Wave didn’t show the agency engaged in misleading discussions or that the ...