U.S. Marshals Probe $40M Crypto Theft: Contractor's Son Accused of Stealing Seized Bitcoin (BTC)

The U.S. Marshals Service (USMS) has launched a major investigation into allegations that the son of a government contractor misappropriated approximately $40 million in seized cryptocurrency. The digital assets, primarily Bitcoin (BTC), were under the custody of the USMS after being confiscated in federal cases. Sources indicate the suspect exploited his privileged access to divert the funds. This incident raises serious concerns about the security protocols surrounding government-held crypto assets and could impact future regulatory discussions on asset seizure and custody. The investigation is ongoing, with authorities working to trace the stolen BTC and recover the funds.