Investigation Launched by US Marshals Following Allegations of $40M Cryptocurrency Theft from Seized Assets
Following allegations that millions of dollars in confiscated cryptocurrency were taken, the US Marshals Service has stated that they are actively investigating the matter.
Federal authorities in the United States have acknowledged that they are actively investigating allegations suggesting that the offspring of a federal contractor responsible for protecting confiscated digital currency assets allegedly misappropriated cryptocurrency valued at more than $40 million.
In a statement to Cointelegraph, a representative from the US Marshals Service verified that an active investigation into "the matter is under investigation" is currently in progress, though they refused to provide specific details regarding the ongoing case. The focus of this investigation revolves around allegations circulating on social media platforms that John Daghita, the son of Dean Daghita who serves as president of Command Services & Support (CMDSS), obtained unauthorized entry to cryptocurrency wallets that were being managed within the federal asset protection initiative.
On Friday, cryptocurrency investigator ZachXBT revealed that his research had identified a cryptocurrency wallet associated with Daghita containing approximately $23 million in digital currency that appeared to be connected to up to $90 million worth of assets that are believed to have been confiscated by government authorities during 2024 and 2025. Subsequently, ZachXBT indicated that he had informed law enforcement officials about an additional wallet containing 12,540 Ether (ETH), which was valued at approximately $36 million during that time period, that was also connected to Daghita.
John [...] sent me 0.6767 ETH ($1.9K) of the stolen government funds from 0xd8bc to my public wallet address. Any stolen funds received will be sent to a USG seizure address.
ZachXBT in a Monday X post
Based on the findings of ZachXBT's investigative work, cryptocurrency wallets purportedly under Daghita's control are said to have received approximately $40 million worth of digital currency from wallet addresses that have been linked to seized United States government funds. Dean Daghita, John's father, is the leader of CMDSS, a company that secured a contractual agreement with the US Marshals Service during 2024 that pertained to the safekeeping and custody of confiscated cryptocurrency assets.
In a post shared on X on Monday, Patrick Witt, who holds the position of director at the White House Crypto Council, stated that he was "on it," making reference to the allegations that ZachXBT had brought forward.
How much crypto does the US government hold?
Based on information compiled by BitcoinTreasuries.NET, authorities in the United States could potentially be holding up to 328,372 Bitcoin (BTC) that have been accumulated through a variety of seizure operations, including assets that were recovered from incidents such as the hacking incident involving the cryptocurrency exchange Bitfinex. Should these figures be verified, the total value of these assets would amount to approximately $30 billion based on current market prices at the time of publication.