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Over 300K US Government Bitcoin at Risk After Alleged Insider Theft Exposes Custody Failures
For years, the U.S. government has quietly become one of the world’s largest holders of Bitcoin. It has amassed billions of dollars’ worth of seized crypto from cases like Silk Road and the Bitfinex hack. That strategy now faces uncomfortable scrutiny after allegations surfaced that millions of dollars were siphoned from government coffers—not by hackers, but by insiders within the custody system itself. According to blockchain investigator ZachXBT, the son of a contractor working with the U.S. Marshals Service (USMS) allegedly stole more than $40 million in digital assets from wallets holding seized government ... (full story)
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