Federal Investigation Launched Into Massive Government Crypto Theft
A formal investigation has been started by the U. S.
authorities following allegations that a sum close to $90 million in digital
currency was stolen from government-controlled wallets by the son of a
contractor who was involved in securing those assets. The probe, driven by
agencies including the U. S. Marshals Service (USMS), comes amid growing
scrutiny over how federal digital assets are stored and protected.
Allegations Uncovered by Crypto Sleuth
The alleged theft was brought to light by a
blockchain investigator known as ZachXBT, who traced some abnormal transfers
from wallets associated with confiscated government crypto. He pointed out the
suspect going by the online name “Lick” as John Daghita, Dean Daghita’s son,
CMDSS president, a technology company contracted for the management of federal
seizure wallets.
ZachXBT traced some transfers to roughly $40 million
in crypto assets previously handled by government-linked addresses and suggests
the suspect’s wallets could be connected to up to $90 million in suspected
stolen funds spanning 2024 and 2025.
How the Alleged Theft Came to Light
It is said that investigations began after the
suspect openly showed off his cryptocurrencies on social media chat groups.
This act led to public attention, after which blockchain analysts were able to
trace funds back to wallets believed to be under his control.
Role of CMDSS and Government Crypto Custody Concerns
CMDSS had a contract with the USMS to assist with the custody and disposition of seized digital assets. These included
cryptocurrencies from well-known cases such as the Bitfinex hack seizure of
2016. The current allegations have raised concerns about possible insider
access vulnerabilities and oversight practices in government cryptocurrency
custody.
In response to the scrutiny, CMDSS’s online presence
reportedly went offline. Federal officials have been tight-lipped, with the
USMS confirming an active investigation but declining further comment. No
arrests or charges have been publicly disclosed as of the latest updates.
What Comes Next
This unfolding case highlights increasing worries
about digital asset security and insider threat risks within federal programs
that deal with cryptocurrency. According to financial crime experts, this
investigation may lead to enhanced government supervision as well as auditing
on the safeguarding of confiscated tokens in future.
As investigators continue reviewing blockchain
evidence and interviewing relevant parties, the nation awaits clarity on the
full extent of the alleged theft and any legal actions that might follow.
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