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Thief of $90M in seized U.S.-controlled crypto is gov't contractor's son
- aryan14 9mo agoAnd he has been and continues to make fun of the investigators, publicly mocking investigators and sending small amounts from the fraudulent wallets to investigators. Crazy world
- grugagag 9mo agoHe’s reaping what he saw. Things aren’t looking good for him nor his father, a lesson both of them will painfully learn from. Father career is possibly over.
- lostlogin 9mo ago> Things aren’t looking good for him nor his father, a lesson both of them will painfully learn from You’re a hell of an optimist. I’d say that it’s just as likely that the pardon sharpie is being readied, just as soon as the super PAC donation clears.
- paulpauper 9mo agoPut it into Trump's coin as a donation
- jLaForest 9mo agoTrump already rug pulled
- kevin_thibedeau 9mo agoBribes are $3M cash. He's good.
- paulpauper 9mo agowhy would that make a difference
- lupire 9mo agoX can't bribe Y by buying Z that Y has no interest in.
- londons_explore 9mo ago> Father career is possibly over. Plenty of people would happily flush their career down the drain to run away with their family and $90M
- tartoran 9mo agoI guess so but what about when you get caught and get nothing?
- knowitnone3 9mo agoif you get caught. just saw a video on a couple who stole a Brinks armor car; disappeared into Europe with new identities; never caught until female turned herself in. Not everybody gets caught.
- lupire 9mo agoIs that same or different from the gang who robbed an armored car for about $100M worth of goods, and ICE stopped the prosecution and deported one of the robbers, before the stolen goods were recovered?
- wmf 9mo agoDifferent cases. https://www.nbcnews.com/id/wbna9766179 https://www.nbcnews.com/id/wbna9766179 vs https://www.nbcnews.com/news/us-news/immigration-officials-allow-suspect-100m-jewelry-heist-self-deport-avo-rcna255356 https://www.nbcnews.com/news/us-news/immigration-officials-a...
- tartoran 9mo agoSure, if you get caught. It's a huge risk though..
- lazide 9mo agoJust like many people are optimists in thinking criminals will get consequences, criminals are often optimists in thinking they won’t get consequences. Both have cherry-picked their life experiences to support this view.
- paulpauper 9mo agothe feds haven't even acknowledged there was a theft. it's possible they still don't know or somehow don't have the evidence to bring charges
- caminante 9mo agoOr this is a false accusation. I don't have the knowledge to sanity check the claims, but I would've figured someone would be getting rolled by now. I recall that the dad was scrubbing socials along with the son, but that could be token harassment.
- big_youth 9mo agoThey did something, how else could the son flex watches worth 6 figures.
- caminante 9mo agoLikely? Yes. Watches? You can also be right. Though, I don't think you need $90 million to spend <$1 million on a watch to splurge.
- cucumber3732842 9mo agoYou can rent anything.
- wmf 9mo agoThe feds won't say anything until after they arrest the father and son. Obviously there is an investigation going on but it takes more than a few days.
- bayarearefugee 9mo agohttps://en.wikipedia.org/wiki/List_of_people_granted_executive_clemency_in_the_second_Trump_presidency https://en.wikipedia.org/wiki/List_of_people_granted_executi... Pretty sure they'll both be fine as long as they still have access to that money.
- jongjong 9mo agoHe and his son should be in jail. This is criminal; whether it's theft or criminal negligence.
- deleted 9mo ago[deleted]
- duxup 9mo agoIf he "invests" some of his funds ... could get a pardon.
- knowitnone3 9mo ago[flagged]
- inlined 9mo agoTbf, accepting a pardon is legally admitting guilt per SCOTUS and disgorgement would allow the funds to be sized
- avaer 9mo agoIn theory. Do you really think that would happen in the current ecosystem?
- duxup 9mo agoEven "better", Trump can extort more ...
- trhway 9mo agoDr. Fauchi pardon comes to mind. I doubt that his accepting of pardon was an admission of guilt. He wasn't even charged, so how can he admit the guilt? And i think that similar preemptive pardon here, without charge and thus any guilt admission, wouldn't allow the fund seizure.
- SV_BubbleTime 9mo ago[flagged]
- tbossanova 9mo agoOh thats crazy about Fauzi lying under oath! Do you have a link in case I need to back this up
- laughing_man 9mo agoThe one thing the government will not tolerate is embarrassment. There's no way he avoids a long prison sentence.
- gmuslera 9mo agoThere's no honor among thieves.
- cucumber3732842 9mo agoThis isn't a "honor among thieves" thing. This is a "getting one over on someone you don't like because there's no consequences" thing. This is a petty dispute. I'm not gonna go put a bullet in someone who over a petty dispute like this. Nobody is, not even thieves and other people who live outside the law. That's just absurd. Someone who I've wronged in doing so (i.e. someone who likes them) might put one back in me. Or there might be other consequences. People let those things go because it's just not worth it vs the risk of consequences. But say I can do something that will cause the government to go after someone for me at no risk to myself... That's basically what happened here. This is basically an attempted (we'll see if it succeeds) DDOS reflection attack but with government.
- MisterTea 9mo agoA bit lost here. Is there more backstory to this? It reads as if the government contractors son stole the 90 million from the government?
- ortusdux 9mo agohttps://bitcoinmagazine.com/news/us-investigating-40-million-crypto-theft https://bitcoinmagazine.com/news/us-investigating-40-million...
- FatalLogic 9mo agoThis would be a much better link for this post There's a lot more detail, and delivered in more professional way
- altairprime 9mo agoIf you email the mods about this (and link to your comment), they might well agree and update the post link.
- alistairSH 9mo agoCorrect. US Marshalls have a contract with this guy’s dad to mange their crypto holdings (seized as part of investigations). Kid steals money but can’t resist showing off to friends and gets “busted”. Except the government still doesn’t appear to acknowledge a theft even occurred and the kid taunts investigators by sending them small amounts of ETH.
- direwolf20 9mo ago[flagged]
- wmf 9mo agoIt's not political. Most government contractors are barely competent and computer security is hard.
- shrubble 9mo agoSo much of the government is like this, they will hire some connected guy to manage something in a slightly competent manner. Just learned that the federal government has long term leases on office buildings that congressmen have a financial interest in. More disappointment.
- ajross 9mo agoTo be clear: the crypto in question wasn't managed in even a slightly competent manner. It was literally embezzled.
- nerdsniper 9mo agoIt was embezzled in a slightly competent manner. Not very competently.
- roysting 9mo agooh, yeah, I forgot about that grift. Another favorite of mine are the many holier-than-thou NGOs that are little more than friends and family enrichment schemes, even more grotesquely than the federal government contracting grift that is not just replete with political and staffer corruption, but also just plain run of the mill nepotism... literally parent hiring and managing children. And no, this has been pervasive for many years now. I would say it really got bad in the aughts when the budgets blew up and things like enforcement and prosecution just couldn't keep up with the money spigots, not to mention that hiring criteria other than competence led to the most lazy, and disinterested people responsible for investigation and prosecution to the point that you basically had to build a case and deliver a signed, recorded, and notarized confession before anyone would even look at obvious corruption and grift.
- belter 9mo ago>> More disappointment. This whole headline in incredibly comical: https://democrats-judiciary.house.gov/media-center/press-releases/new-report-exposes-the-trump-family-s-multi-billion-dollar-crypto-empire-fueled-by-self-dealing-and-corrupt-foreign-interests https://democrats-judiciary.house.gov/media-center/press-rel... https://democrats-judiciary.house.gov/sites/evo-subsites/democrats-judiciary.house.gov/files/evo-media-document/2025-11-24.hjc-dem-staff-report-trump-crypto-corruption-small_0.pdf https://democrats-judiciary.house.gov/sites/evo-subsites/dem...
- paulpauper 9mo agoIt appears the feds were so incompetent they didn't realize the theft had occurred until AFTER Zach's post went viral, and even then, nothing may happen. And to think, had Lick done nothing he likely would have gotten away with it. Perfect crime undone by ego.
- Mistletoe 9mo agoThere’s another crypto thief that is the son of the head government official…
- caycep 9mo agoMolly White really is quite thorough
- cj 9mo agoTangent: what does the govt do with seized crypto? Does it eventually get liquidated?
- wmf 9mo agoThey used to auction it but I think now they are holding it in a "strategic reserve".
- tamarinddreams 9mo agoYet another attempt to store a lot of Cheddar.. https://en.wikipedia.org/wiki/Government_cheese https://en.wikipedia.org/wiki/Government_cheese
- alfiedotwtf 9mo agoI’m sure Kushner is keeping it safe, along with all that non-corrupt Trumpcoin
- misiti3780 9mo agoIs the accusation the dad stole the crypto, or the dad AND the son stole the crypto ?
- wmf 9mo agoIt's not clear.
- geor9e 9mo agoThe headline is that the son stole the crypto. Maybe your sarcasm went over my head, and you're just saying that the dad is definitely involved too. In which case, probably.
- misiti3780 9mo agoi wasnt be sarcastic, it seems so easy to prove i cant believe the kid needed to DOX himself. the US Government puts his dad in charge of shitload of crypto and his son starts live streaming himself buying expensive watches - seems like a slam dunk to me
- tcfunk 9mo agoSlightly tangential question but what’s with govt seized crypto assets? I had a bit of Litecoin a while back and went to check my wallet one day to find an FBI landing page instead. Is that just theirs now? Feels a bit like the gov seized control of my savings account.
- collingreen 9mo agoSame - lost 500 LTC and 5ish BTC to fbi raid of an exchange back when BTC was ~$12. Sure would love to get that back at current prices!
- tasuki 9mo ago> went to check my wallet one day to find an FBI landing page That's not how wallets work.
- qingcharles 9mo agoI mean, it kinda is if all your crypto is held at an exchange.
- tasuki 9mo agoAn exchange is not a wallet. You don't call your bank a wallet either.
- anonymousiam 9mo agoSomewhat reminds me of this: https://www.justice.gov/archives/opa/pr/former-federal-agents-charged-bitcoin-money-laundering-and-wire-fraud https://www.justice.gov/archives/opa/pr/former-federal-agent...
- dada78641 9mo ago> Two crypto thieves decided to settle an argument over who was wealthier by screensharing as they transferred crypto between wallets to prove ownership. In doing so, one of them — known online as "Lick" — revealed a wallet address that crypto sleuth zachxbt quickly tied to the theft of around $90 million from US government wallets containing seized crypto assets Rapp snitches.
- janderson215 9mo ago“Sittin’ in court they’ll be their own star witness”