A newly launched Solana-based meme coin, LICK, has become the center of a major financial scandal after blockchain investigators linked its creation to John Daghita, an individual accused of stealing $40 million from US government seizure addresses. On-chain data from analytics platform Bubblemaps reveals a single wallet tied to Daghita controls a staggering 40% of the token’s total supply, raising immediate alarms about extreme centralization and investor risk. This development follows a detailed investigation by on-chain sleuth ZachXBT, who traced millions in cryptocurrency movements back to funds seized from the historic Bitfinex hack, uncovering a complex web of alleged theft and raising serious questions about access to government-managed crypto assets.
about LICK Meme Coin Tied to $40M US Government Theft ProbeZachXBT
0 posts last weekZachXBT Exposes $90M Crypto Theft Trail in Hacker’s Wallet Flex
A cybercriminal’s attempt to prove his wealth in a heated online argument has backfired spectacularly, providing on-chain investigator ZachXBT with a direct trail to over $90 million in suspected stolen cryptocurrency. The investigation, sparked by a leaked recording of a threat actor known as “John” or “Lick” flaunting $23 million, has uncovered alarming connections to funds seized by the U.S. government from the historic Bitfinex hack and raised serious questions about the security protocols of a federal contractor.
about ZachXBT Exposes $90M Crypto Theft Trail in Hacker's Wallet FlexUS Government Crypto Theft Alleged in $90M Scandal
A major security breach has allegedly compromised millions in seized cryptocurrency under US government control, according to blockchain investigator ZachXBT. The investigation points to John “Lick” Daghita, son of a Department of Justice contractor, as controlling wallets tied to over $90 million in suspected illicit funds, including at least $40 million directly linked to federal seizure addresses. The scandal raises profound questions about the custodial integrity of government-held digital assets and has triggered a rapid digital disappearance by the implicated contracting firm.
about US Government Crypto Theft Alleged in $90M ScandalCoinbase Security Criticized as CEO Unveils 2026 Growth Roadmap
As Coinbase CEO Brian Armstrong charts an ambitious course for global expansion, a stark warning from within the crypto security community highlights a persistent and costly blind spot. Prominent researcher Taylor Monahan has publicly slammed the exchange’s leadership for continuing to prioritize user acquisition and product growth over fundamental user safety, pointing to past security failures that she claims cost the company over $350 million in 2025 and could have been prevented.
about Coinbase Security Criticized as CEO Unveils 2026 Growth RoadmapEVM Wallet Drainer Steals $107K, Trust Wallet Hack Revealed
A stealthy wallet-draining attack is targeting EVM networks, siphoning over $107,000 from hundreds of users while evading identification. The incident follows a recent $8.5 million Trust Wallet browser extension hack, highlighting persistent vulnerabilities in crypto security.
about EVM Wallet Drainer Steals $107K, Trust Wallet Hack RevealedBitcoin’s 2025 Year-End Struggle: Weekly Crypto Market Recap
As 2025 draws to a close, Bitcoin is showing tentative signs of recovery but remains firmly in negative territory for the year, despite briefly touching $90,400 this week. The cryptocurrency faced volatile price action following stronger-than-expected US CPI data, with multiple rejections preventing a sustained breakout. While Bitcoin’s market dominance hovers near 58%, the altcoin landscape is mixed, and analysts are divided on the market’s trajectory, with some predicting a bear phase that could extend into late 2026.
about Bitcoin's 2025 Year-End Struggle: Weekly Crypto Market RecapTrust Wallet Hack: $7M Stolen, CZ Hints at Insider Role
A critical vulnerability in Trust Wallet’s browser extension has led to an estimated $7 million in stolen user funds, with Binance founder Changpeng ‘CZ’ Zhao hinting at possible insider involvement while pledging compensation. This security breach, identified as a potential supply chain attack, underscores escalating threats to browser-based cryptocurrency wallets and a dramatic shift in how digital assets are being stolen.
about Trust Wallet Hack: $7M Stolen, CZ Hints at Insider RoleBrooklyn Man Charged in $16M Coinbase Phishing Scheme
A 23-year-old Brooklyn resident faces 31 criminal charges for allegedly orchestrating a sophisticated $16 million cryptocurrency phishing scheme targeting approximately 100 Coinbase users. Prosecutors from the Brooklyn District Attorney’s Office allege Ronald Spektor, operating under the alias “lolimfeelingevil,” posed as a Coinbase representative to convince victims their digital assets were at imminent risk, funneling stolen funds through complex laundering channels. This case underscores the persistent and evolving threat of social engineering attacks within the cryptocurrency ecosystem and highlights the collaborative efforts between exchanges like Coinbase and law enforcement to combat such financial crimes.
about Brooklyn Man Charged in $16M Coinbase Phishing SchemeSoulja Boy Faces Crypto Backlash Over Past Promotions
Rapper Soulja Boy faces a fresh wave of intense criticism from the crypto analytics community over his extensive history of promoting digital assets, with his recent public apology being dismissed as insufficient. On-chain analytics platform Bubblemaps has labeled him a ‘repeat offender,’ outlining a cynical cycle of promotion, profit, and disappearance tied to numerous failed tokens and NFT projects. This controversy reignites critical questions about celebrity accountability and the damaging impact of irresponsible endorsements on investor trust within the volatile cryptocurrency ecosystem.
about Soulja Boy Faces Crypto Backlash Over Past PromotionsMcGregor Criticizes Khabib’s NFT Drop After Failed Memecoin
UFC superstar Conor McGregor has launched a scathing public attack against longtime rival Khabib Nurmagomedov’s NFT collection, accusing him of exploiting cultural heritage and his late father’s legacy to promote digital collectibles. The criticism comes despite McGregor’s own failed attempt to launch a celebrity memecoin earlier this year, highlighting the ongoing controversy surrounding celebrity-backed cryptocurrency projects and the hypocrisy often exposed within this volatile market.
about McGregor Criticizes Khabib's NFT Drop After Failed Memecoin$6.9M ADA Lost in Illiquid Stablecoin Swap Error
A long-term Cardano holder suffered a devastating $6.05 million loss after mistakenly swapping 14.4 million ADA tokens worth $6.9 million for 847,695 USDA stablecoins through an illiquid trading pool. The transaction, first identified by blockchain investigator ZachXBT, occurred just 33 seconds after the user conducted a small test transaction of 4,437 ADA. The incident highlights the significant risks associated with using low-liquidity decentralized exchanges and the importance of verifying trading pairs before executing large transactions in the DeFi ecosystem.
about $6.9M ADA Lost in Illiquid Stablecoin Swap ErrorFTX Distributes $7.1B to Creditors, Next Payout Set for 2026
FTX has distributed approximately $7.1 billion across three payout rounds to creditors of the collapsed crypto exchange, marking significant progress in one of history’s largest cryptocurrency bankruptcies. The bankrupt estate expects to conduct its next distribution in January 2026, pending confirmation in December, while convicted founder Sam Bankman-Fried continues to challenge the official narrative from federal prison, creating ongoing controversy around the proceedings.
about FTX Distributes $7.1B to Creditors, Next Payout Set for 2026