US authorities have confirmed an active investigation into allegations that tens of millions of dollars in government seized crypto were stolen from wallets managed under a federal asset protection program. The case has raised serious questions about crypto custody, oversight, and contractor security controls.
US Marshals Probe Seized Crypto Theft Claims
The US Marshals Service stated that “the matter is under investigation” following claims that more than $40 million in seized digital assets were improperly accessed. Officials declined to provide further details due to the ongoing nature of the inquiry.
The allegations center on John Daghita the son of a federal contractor executive. He is accused of gaining unauthorized access to wallets holding cryptocurrency confiscated by the US government during enforcement actions in 2024 and 2025.
Blockchain Analysis and Wallet Activity
ZachXBT investigation linked wallets allegedly connected to Daghita to approximately $40 million in digital assets, with some estimates suggesting exposure to as much as $90 million in seized funds.
One wallet reportedly held 12,540 Ether, valued at roughly $36 million at the time it was flagged.
A small transfer of Ether allegedly sent from one of the wallets has been cited as on-chain evidence. Authorities were reportedly notified, and any traced funds are expected to be redirected to official seizure addresses.
US authorities are believed to control over 328,000 Bitcoin, worth around $30 billion, from past seizures.
This case underscores the growing importance of secure custody and transparent management of government-held crypto assets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.