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dada78641 · 12 days ago
> 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.

janderson215 · 10 days ago
“Sittin’ in court they’ll be their own star witness”
MisterTea · 12 days ago
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?
alistairSH · 12 days ago
Correct. US Marshalls have a contract with this guy’s dad to mange their crypto holdings (seized as part of investigations). Kid steals money but can’t resist showing off to friends and gets “busted”. Except the government still doesn’t appear to acknowledge a theft even occurred and the kid taunts investigators by sending them small amounts of ETH.
bluemenot · 12 days ago
I wonder if technically the small amounts of eth are bribes…

Dead Comment

knowitnone3 · 12 days ago
just to let the kid know, I'm one of the investigators. I hate being taunted with any type of cryptocoin, cash of any denomination. I also hate gold and silver. I won't sleep until I catch you or $10 whichever comes first.
ortusdux · 12 days ago
FatalLogic · 12 days ago
This would be a much better link for this post

There's a lot more detail, and delivered in more professional way

paulpauper · 12 days ago
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.
caycep · 12 days ago
Molly White really is quite thorough
misiti3780 · 12 days ago
Is the accusation the dad stole the crypto, or the dad AND the son stole the crypto ?
wmf · 12 days ago
It's not clear.
geor9e · 12 days ago
The headline is that the son stole the crypto. Maybe your sarcasm went over my head, and you're just saying that the dad is definitely involved too. In which case, probably.
misiti3780 · 12 days ago
i wasnt be sarcastic, it seems so easy to prove i cant believe the kid needed to DOX himself. the US Government puts his dad in charge of shitload of crypto and his son starts live streaming himself buying expensive watches - seems like a slam dunk to me
cj · 12 days ago
Tangent: what does the govt do with seized crypto? Does it eventually get liquidated?
wmf · 12 days ago
They used to auction it but I think now they are holding it in a "strategic reserve".
alfiedotwtf · 11 days ago
I’m sure Kushner is keeping it safe, along with all that non-corrupt Trumpcoin
tamarinddreams · 11 days ago
Yet another attempt to store a lot of Cheddar.. https://en.wikipedia.org/wiki/Government_cheese
shrubble · 12 days ago
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.

ajross · 12 days ago
To be clear: the crypto in question wasn't managed in even a slightly competent manner. It was literally embezzled.
nerdsniper · 12 days ago
It was embezzled in a slightly competent manner. Not very competently.
N_Lens · 12 days ago
I think the level of corruption and blatant disregard for laws by the privileged we're seeing is unlike anything in modern history. If Nixon's watergate happened today it wouldn't even be a blip in the 24hrs news cycle, that's how far gone the erosion of institutions and rule of law is.
drdaeman · 12 days ago
> it wouldn't even be a blip in the 24hrs news cycle

It would be, but both mass media and people attention spans have changed, so it would be very different in a lot of ways.

tim333 · 12 days ago
>unlike anything in modern history

The stuff currently happening in the US is unusual for the US but mild compared to Putin's Russia which Trump seems a little inspired by. At least you don't have people falling out of windows yet.

chneu · 12 days ago
It's pretty wild how "normalized" it got within my generation.

What's more wild is how much of the US believes that the other party would be much worse.

To be clear, Republicans are absolutely the current cause of this insanity that's going on. The two party system doesn't help, but Republicans have committed insanity while claiming everyone else is doing worse. Trump is a literal pedophile who openly admitted to hating immigrants his entire life. We all saw this coming.

roysting · 12 days ago
oh, yeah, I forgot about that grift. Another favorite of mine are the many holier-than-thou NGOs that are little more than friends and family enrichment schemes, even more grotesquely than the federal government contracting grift that is not just replete with political and staffer corruption, but also just plain run of the mill nepotism... literally parent hiring and managing children. And no, this has been pervasive for many years now. I would say it really got bad in the aughts when the budgets blew up and things like enforcement and prosecution just couldn't keep up with the money spigots, not to mention that hiring criteria other than competence led to the most lazy, and disinterested people responsible for investigation and prosecution to the point that you basically had to build a case and deliver a signed, recorded, and notarized confession before anyone would even look at obvious corruption and grift.