Telegram bragging exposes alleged theft from US government wallets
An on-chain investigation by ZachXBT has linked more than $40 million in cryptocurrency allegedly stolen from US government-controlled wallets to a single individual who exposed himself while boasting in a Telegram chat. The case centers on a series of transactions connected to confiscated digital assets and has raised questions about the handling of seized crypto by US authorities. No criminal charges have been formally announced, and the allegations have not yet been tested in court.Background of the alleged theft
According to ZachXBT, the individual at the center of the case is John Dagita, who operated online under the alias “Lick”. Dagita is the son of Dean Dagita, the chief executive officer of CMDSS, a company that in October 2024 was awarded a contract by the US Marshals Service to manage confiscated cryptocurrency assets classified as “Class 2–4”, typically tokens not listed on major exchanges.ZachXBT traced multiple wallet addresses allegedly controlled by Dagita to funds originating from US government wallets. One address received approximately $24.9 million in March 2024 from a wallet holding confiscated assets linked to the 2016 Bitfinex hack. Another address was connected to an outflow of roughly $63 million from government-controlled wallets toward the end of 2025, according to the investigator’s findings.
Telegram dispute and on-chain trail
The investigation was reportedly triggered by an incident in a Telegram chat where participants engaged in a “band for band” argument, a format in which users attempt to prove superior wealth by showing wallet balances. During the exchange, Dagita allegedly shared his screen, displaying an Exodus wallet holding about $2.3 million on a TRON address, and then transferred an additional $6.7 million live to an Ethereum address.By the end of the exchange, a single wallet reportedly showed balances totaling approximately $23 million. ZachXBT analyzed the transaction history and linked the displayed funds to addresses previously associated with US government-controlled wallets. The investigator later published the Telegram account identifier allegedly used by Dagita, after which the account removed NFT usernames and changed its display name.
In a further development, ZachXBT said Dagita sent him $20 worth of ETH from one of the wallets connected to the alleged theft. The payment was interpreted by the investigator as an attempt to mock or acknowledge the exposure rather than a legitimate explanation of the transactions.
Public reaction and unanswered questions
ZachXBT later shared photographs on social media purportedly showing Dagita posing with luxury watches and high-end vehicles, intensifying public scrutiny of the case. The incident has fueled debate within the crypto community over the safeguards surrounding seized digital assets and the oversight of third-party contractors managing government-held cryptocurrency.While the allegations have drawn significant attention, US authorities have not publicly confirmed any investigation or filed formal charges related to the case. Until official proceedings are initiated, the claims remain unproven, though the episode has highlighted potential vulnerabilities in the custody and administration of confiscated crypto assets held by government agencies.
Editorial Team - CoinBotLab
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