HN Reader

> Two crypto thieves decided to settle an argument over who was wealthier by screensharing as they transferred crypto between wallets to prove ownership. In doing so, one of them — known online as "Lick" — revealed a wallet address that crypto sleuth zachxbt quickly tied to the theft of around $90 million from US government wallets containing seized crypto assets

Rapp snitches.

A bit lost here. Is there more backstory to this? It reads as if the government contractors son stole the 90 million from the government?

It appears the feds were so incompetent they didn't realize the theft had occurred until AFTER Zach's post went viral, and even then, nothing may happen. And to think, had Lick done nothing he likely would have gotten away with it. Perfect crime undone by ego.

Somewhat reminds me of this: https://www.justice.gov/archives/opa/pr/former-federal-agent...

Molly White really is quite thorough

Is the accusation the dad stole the crypto, or the dad AND the son stole the crypto ?

Tangent: what does the govt do with seized crypto? Does it eventually get liquidated?

So much of the government is like this, they will hire some connected guy to manage something in a slightly competent manner.

Just learned that the federal government has long term leases on office buildings that congressmen have a financial interest in. More disappointment.

And he has been and continues to make fun of the investigators, publicly mocking investigators and sending small amounts from the fraudulent wallets to investigators.

Crazy world

There’s another crypto thief that is the son of the head government official…

There's no honor among thieves.

Slightly tangential question but what’s with govt seized crypto assets? I had a bit of Litecoin a while back and went to check my wallet one day to find an FBI landing page instead. Is that just theirs now? Feels a bit like the gov seized control of my savings account.