US Marshals Investigate $40M Crypto Theft

🔍 USMS Probes $40M Crypto Theft Claim

Investigation Targets Contractor's Son: The U.S. Marshals Service is investigating claims that more than $40 million in seized cryptocurrency was stolen from government-controlled wallets. Blockchain investigator ZachXBT identified the alleged individual as John “Lick” Daghita, son of Dean Daghita, who serves as president of Command Services & Support (CMDSS), the contractor managing certain seized crypto assets. ZachXBT traced at least $23 million of the funds, which were part of roughly $90 million in cryptocurrency seized by the government during 2024 and 2025, including portions linked to the 2016 Bitfinex hack. One wallet reportedly controlled by the individual held 12,540 ETH, valued at approximately $36.3 million at the time of reporting.

Evidence Presented by Investigator: The allegations surfaced after a recorded Telegram group conversation in which Daghita allegedly screen-shared an Exodus Wallet displaying $2.3 million in a Tron address, followed by a transfer of $6.7 million in ETH that consolidated around $23 million. ZachXBT posted on X: “Meet the threat actor John (Lick), who was caught flexing $23M in a wallet address directly tied to $90M+ in suspected thefts from the US Government in 2024 and multiple other unidentified victims from Nov 2025 to Dec 2025.” He added: “In case you are curious how John Daghita (Lick) was able to steal $40 million plus from U.S. government seizure addresses: John’s dad owns CMDSS, which currently has an active IT government contract in Virginia.” ZachXBT confirmed receiving 0.6767 ETH from the address and stated he would forward it to a U.S. government seizure wallet.

Contract Details and Official Response: CMDSS was awarded an active contract by the U.S. Marshals Service in October 2024 to manage and dispose of certain classes of seized cryptocurrency. Brady McCarron, chief of public affairs for the USMS, confirmed to CoinDesk that the agency is investigating but could not provide further details due to the active status of the matter. Neither the Department of Defense, ZachXBT, nor CMDSS responded to requests for comment. No criminal charges have been filed, and the allegations have not been adjudicated in court. Read More.

️ On today's Top Picks:

  1. 📜 Clarity Act markup delayed to January 29th.
  2. 👀 Aztec $AZTEC launches TGE proposal.
  3. 📸 Rainbow $RNBW completes points snapshot.
  4. 🤖 Microsoft $MSFT launches Maia 200 AI chip.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ US Senate Ag Committee reschedules crypto market structure markup for January 29th citing winter storm; to debate and vote on the bill and proposed amendments.

BlackRock files S-1 registration with US SEC for an iShares Bitcoin $BTC Premium Yield ETF; generates yield by selling call options on IBIT shares & other Bitcoin ETP indices.

Strategy $MSTR buys an additional 2,932 Bitcoin $BTC for ~$264M at ~$90,061 per BTC: now holds 712,647 BTC (~$62.4B) acquired for ~$54.2B at ~$76,037 per BTC.

Bitmine $BMNR buys an additional 40,302 Ethereum $ETH (~$117M); now holds 4,243,338 ETH (~$12.3B) & $682M in cash; stakes 2,009,267 ETH (~$5.8B).

Tether $USDT $XAUT bought 27 tons of Gold $XAU (~$4.4B) in Q4 2025; now holds ~143 tons of Gold (~$23.5B).

Digital Asset Investment Products recorded $1,73B in outflows last week; Bitcoin $BTC ~$1.1B outflows, Ethereum $ETH ~$630M outflows, Solana $SOL ~$17M inflows, Ripple $XRP ~$18M outflows.

VanEck Avalanche $AVAX ETF (VAVX) begins trading; Grayscale recently filed to convert its existing Grayscale Avalanche Trust into an ETF; Bitwise also recently filed to launch an Avalanche ETF.

Zerohash reportedly in talks to raise $250M at $1.5B valuation; recently pulled out of acquisition talks with Mastercard after it decided to remain independent.

Alpha


Kraken launches DeFi Earn; earn up to 8% APY on all your assets; powered by Veda, Sentora, & Chaos Labs.

Upcoming TGEs: Infinex $INX TGE on January 30th, Zama $ZAMA TGE on February 2nd, MegaETH $MEGA TGE in ~February, Aztec TGE in ~February (if proposal passes).

• ⭐️ Aztec $AZTEC launches TGE proposal; AZTEC holders can now vote to make AZTEC transferable; TGE expected in February if proposal passes.

Infinex $INX to take snapshot of Patrons NFT holders on January 30th at 07:00 UTC; 1 Patron is equal to 100K INX; to also launch TGE on January 30th.

ICYMI MegaETH $MEGA launches global stress test on mainnet; users can access 3 apps while the chain is under sustained load; to launch public mainnet soon.

ICYMI OpenEden $EDEN launches PRISM pre-deposit campaign; users will earn 4.7M EDEN tokens over the ~30 day campaign; full launch expected in February.

Airdrops


Upcoming Airdrops: Moonbirds $BIRB on January 28th, Rainbow $RNBW on February 5th, Mezo $MEZO in ~February.

Mezo $MEZO launches airdrop allocation checker; Mezo Mats (points) holders & Mezo Bitcoin borrowers were eligible to register; to potentially launch airdrop claim in ~February.

• ⭐️ Rainbow $RNBW completes snapshot of points holders; points holders will be eligible for upcoming airdrop; to launch airdrop on February 5th.

ICYMI Moonbirds $BIRB to launch airdrop on January 28th; recently launched several SBTs for several communities; Moonbirds NFT & SBT holders will be eligible to claim.

ICYMI Sentient $SENT launches airdrop claim; Sentient Chat users, open-source AI researchers, & more were eligible to register in November.

ICYMI Seeker $SKR (Solana Mobile) launches airdrop claim; Seeker users & developers are eligible; closes in ~90 days.

ICYMI ETHGas $GWEI launches airdrop claim; Beans (points) holders who also shared their Gas ID on X or quote-tweeted ETHGas’ Open Gas Initiative announcement are eligible.

Finance News


Upcoming Events: January Consumer Confidence data on January 27th; Fed Interest Rate Decision, Microsoft $MSFT, TSMC $TSM, & Tesla $TSLA Q4 earnings on January 28th.

US Federal Reserve to announce interest rate decision on January 28th; Polymarket projects a ~99% chance the Fed leaves rates unchanged.

US Senate Democrats to potentially oppose spending bill citing ICE funding; Polymarket projects a ~75% chance there will be another US government shutdown by January 31st.

Gold $XAU & Silver $XAG reach new all-time highs (again); Gold is up ~17% YTD & Silver is up ~50% YTD.

Nvidia $NVDA & CoreWeave $CRWV partner to build 5+ GW of AI factories by 2030; Nvidia also invests $2B in CoreWeave at $87.20 per share.

• ⭐️ Microsoft $MSFT launches Maia 200 AI chip to "reduce reliance on Nvidia" $NVDA; to roll out in Microsoft data centers in Iowa; produced by TSMC $TSM.

Canada Prime Minister Carney says Canada has no plans to sign a "free trade agreement" with China; US President Trump threatened to impose 100% tariffs on Canada if it made a trade deal with China.

US President Trump increases tariffs on South Korea from 15% to 25%; affects cars, lumber, & pharmaceuticals; says Seoul’s legislature failed to approve a previously agreed trade deal.

Security and Exploits


• ⭐️ ZachXBT reveals John Daghita (Lick) stole $40M+ from the US government through CMDSS, a company owned by John's dad; CMDSS was contracted to assist the USMS in managing seized crypto assets.

SwapNet exploited for ~$16.8M; users are advised to revoke approvals; Matcha Meta users who set direct allowances for SwapNet are affected.

Aperture Finance exploited for ~$4M due to an arbitrary call vulnerability; team advises users to revoke approvals; to release post-mortem soon.

Ethereum Foundation $ETH forms Post Quantum (PQ) team; will be led by Thomas Coratger with support from Emile; offers $1M Poseidon Prize to harden the Poseidon hash function.

ICYMI Coinbase $COIN establishes the Coinbase Independent Advisory Board on Quantum Computing and Blockchain; to evaluate the implications of quantum computing and to provide guidance.

Token Unlocks


• Humanity $H / ~$17M / JAN 25th
• Plasma $XPL / ~$11M / JAN 25th
• Bitget $BGB / ~$500M / JAN 26th
• Sign $SIGN / ~$11M / JAN 28th
• Jupiter $JUP / ~$10M / JAN 28th
Sourced from Tokenomist


Funding


Zama raises $44M in Public Sale from individual investors.

Everything raises $6.9M in Seed funding led by Humanity Protocol.

Bitway raises $1M in Public Sale from individual investors on Kaito.

Zona raises $500K in Pre-Seed funding from Animoca Brands, several angels, & individual investors on Echo.

The Degen Farmer

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That’s it for today’s edition! See you soon.

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