US Marshals probe alleged $40M crypto theft by contractor's son

The U.S. Marshals Service (USMS) is investigating the suspected embezzlement of more than $40 million in cryptocurrency from a government wallet by the child of an employee at a federal contractor, according to CoinDesk. The contractor, CMDSS, provides IT services to the Department of Defense and Department of Justice and is responsible for managing cryptocurrency seized by law enforcement. On-chain analyst ZachXBT noted that it is unclear how the son of CMDSS President Dean Daghita gained access to the wallet or whether his father granted him the authority.