Who Is John Daghita? Inside the US government’s $40M Crypto theft case

ZachXBT alleges a custody CEO’s son stole tens of millions in crypto from US government‑linked wallets tied to Bitfinex funds, exposing systemic custody risks.

Blockchain sleuth ZachXBT has alleged that a multimillion‑dollar crypto theft from wallets linked to the U.S. government was carried out by the son of a federal crypto‑custody contractor’s CEO, a claim that has not yet been tested in court and has drawn immediate scrutiny across the digital asset industry.

Core allegation

In a detailed thread “documenting [his] findings,” ZachXBT claimed that an online figure known as “Lick,” identified as John Daghita, “siphoned tens of millions of dollars in crypto from wallets linked to the US government.”​

He further alleged that Daghita is the son of Dean Daghita, president and chief executive of Command Services & Support (CMDSS), a Virginia‑based firm contracted by the U.S. Marshals Service to safeguard seized digital assets classified as “Class 2–4” tokens that require bespoke custody solutions.​

Trace from Bitfinex‑linked wallets

According to on‑chain traces cited by ZachXBT, the allegedly compromised funds were linked to assets seized in the 2016 Bitfinex hack, with one wallet receiving “$24.9 million from a US government‑controlled wallet in March 2024.”

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The probe builds on an earlier investigation, published January 23, that tied the “Lick” persona to “more than $90 million in suspected illicit crypto activity” routed through a network of addresses associated with government‑linked wallets.​

The Telegram “band‑for‑band” dispute

The investigation reportedly accelerated after a heated Telegram “band‑for‑band” argument in which two individuals tried to one‑up each other by showing control over large balances.

During that exchange, ZachXBT says “Lick” screen‑shared an Exodus wallet showing a Tron address with roughly “$2.3 million,” then executed a live transfer of about “$6.7 million in ether,” ultimately consolidating “approximately $23 million” into a single wallet that could be traced back to the U.S. government address.​

Prior CMDSS scrutiny and systemic risk

CMDSS’s appointment already faced challenge: rival Wave Digital Assets filed a protest with the Government Accountability Office, arguing the firm lacked key registrations and warning of potential conflicts involving a former Marshals Service official, though the GAO later denied the protest.

Separately, a 2025 CoinDesk report found the Marshals Service struggled to reconcile its digital asset holdings, underscoring broader concerns around federal crypto custody as illicit addresses received a record “$154 billion in 2025,” up sharply year‑on‑year.​

Market context and current prices

The alleged breach lands in a market still dominated by Bitcoin, which is trading around 87,700–87,900 dollars today, down roughly 1 percent over the last 24 hours as daily volume hovers in the mid‑40 billion‑dollar range.

Ethereum is changing hands near 3,150–3,200 euros, showing about a 3 percent gain over the past day, while Solana trades around 151 euros after slipping roughly 2 percent over the same period, moves that suggest a market more focused on macro flows than on isolated custody failures—at least for now.