U.S. Authorities Investigate Alleged $40 Million Theft from Crypto Reserve
- The U.S. Marshals Service is investigating claims that over $40 million in seized cryptocurrency was stolen from government wallets.
- Patrick Witt, digital asset strategy head for the President’s Council of Advisors, confirmed they are addressing the issue and will provide updates.
- On-chain investigator ZachXBT linked the theft to John ‘Lick’ Daghita, who allegedly accessed funds through his father’s IT government contract company.
- Daghita’s wallets are connected to over $90 million in suspected thefts from various sources, including U.S. government seizure addresses.
- The U.S. currently holds approximately 198,012 BTC, making it the country with the largest crypto holdings.
This investigation follows prior allegations regarding the liquidation of Bitcoin holdings meant for the U.S. crypto reserve, which were dismissed by officials as false after review.
As authorities probe this significant theft involving more than $40 million, it underscores ongoing concerns about security in managing seized cryptocurrency assets.(Source)
