ZachXBT Uncovers Crypto Theft Network Linked to US Government Seizure Funds
On January 23, 2025, blockchain investigator and TRM partner ZachXBT publicly disclosed, via his X account, findings linking a pseudonymous crypto user known as “John” or “Lick” to more than USD 90 million in suspected illicit cryptocurrency activity, including funds tied to a US government-controlled wallet holding seized assets from the 2016 Bitfinex hack. These seized funds, in part, would contribute to the US Strategic Bitcoin Reserve referenced in the March 2025 Executive Order on Digital Assets.
The exposure stemmed from live wallet activity during a private Telegram exchange, providing rare real-time attribution evidence.
January 23, 2025: Public Disclosure by ZachXBT
On January 23, 2025, ZachXBT published an…
