Allegations raise concerns over custody of seized crypto

[AIcash]

The alleged theft has renewed scrutiny of how US authorities safeguard seized digital assets. According to ZachXBT, wallets linked to the case received roughly $40 million from addresses associated with confiscated government funds. The White House Crypto Council’s director Patrick Witt said on social media that he was reviewing the claims.

Separately, public data suggests the US government holds significant crypto reserves. BitcoinTreasuries.NET estimates US authorities may control over 328,000 Bitcoin from various seizures, valued at around $30 billion, highlighting the stakes involved in securing government-held digital assets.