John “Lick” Daghita, the son of a Virginia-based government contractor that managed seized cryptocurrency for U.S. agencies, was arrested on Saint Martin Island in a joint operation by U.S. and French authorities. Prosecutors allege Daghita siphoned more than $46 million from a government seizure wallet controlled by his father’s company.
The investigation, described as months-long by U.S. authorities, followed a blockchain inquiry led by ZachXBT who asserted that Daghita managed a wallet containing about 12,540 ETH. At the time, that stash was worth more than $36 million. FBI Director Kash Patel announced the arrest, saying, “The FBI will track and arrest those who seek to defraud U.S. taxpayers, wherever they hide, and bring them to justice.”
Daghita remains in custody as extradition proceedings are expected to proceed as the investigation continues. This case underscores ongoing cross-border enforcement efforts around seized cryptocurrency assets and the heightened scrutiny of how government seizure wallets are managed and monitored.
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