The U.S. Marshals Service is investigating the son of a government contractor for allegedly stealing approximately $40 million in seized crypto assets.

The U.S. Marshals Service is investigating a theft of approximately $40 million in seized crypto assets. Blockchain investigator ZachXBT alleges that John “Lick” Daghita, son of the president of CMDSS, a service provider for the Department of Defense and the Department of Justice, transferred assets from a government crypto wallet managed by his father's company. ZachXBT stated that he has confirmed at least $23 million of the funds are traceable to approximately $90 million in crypto assets seized by the government between 2024 and 2025, and filed a complaint with law enforcement last week. The lead stemmed from a video of the suspect flaunting his wealth in a Telegram group chat, which inadvertently revealed the wallet address he controlled, subsequently confirming the connection through on-chain analysis. Brady McCarron, the U.S. Marshals Service's public affairs director, responded that he could not comment further at this time, given the ongoing investigation. Previous reports have indicated that the U.S. Marshals Service does not have a complete grasp of the scale of crypto assets under its control, and this incident has once again raised concerns about the transparency of government ownership and management of crypto assets. (CoinDesk)