- On-chain evidence linked to $90 million U.S. government theft in 2024.
- Hacker John boasts about $23 million held in crypto assets.
- Potential implications for crypto security measures and regulations.
On January 23, 2026, ZachXBT reported hacker John boasted online about a wallet containing $23 million, linked to $90 million stolen from the U.S. government.
This incident underscores ongoing vulnerabilities in cybersecurity, potentially affecting governmental and individual financial stability, though its direct market impact remains uncertain.
Hacker’s $23M Wallet Connects to $90M U.S. Government Heist
On-chain investigator ZachXBT reported that hacker “John,” also known as Lick, boasted about a wallet holding assets worth $23 million. These funds are linked to more than $90 million stolen from the U.S. government in 2024. The revelation emerged during an online dispute between John and another hacker, Dritan Kapplani Jr. Furthermore, the addresses involved include those on Tron and Ethereum blockchains.
The disclosure has brought attention to the intricacies of crypto security. The funds in John’s possession underscore the challenges in tracing and recovering stolen digital assets. Despite the scale of the theft, there is still an absence of official reactions from regulatory bodies or key figures in the industry.
Hacker ‘John’ (alias Lick) boasted about a wallet address holding $23 million in assets during an online dispute with another hacker. — ZachXBT, Independent On-chain Investigator
Regulatory Scrutiny Intensifies Amid Cryptocurrency Security Flaws
Did you know? In the aftermath of the 2024 theft, lack of swift regulatory actions emphasized the gaps in cybersecurity for blockchain technologies, leading to renewed discussions on international cooperation in curbing such crimes.
According to CoinMarketCap, Ethereum (ETH) currently stands at $2,957.65, with a market cap of $357 billion and a market dominance of 11.80%. The 24-hour trading volume reached $21 billion, reflecting a daily decrease of 0.48%. Over 90 days, ETH has fallen by 24.84%.
The Coincu research team suggests that events like these may push regulators to impose stricter measures to safeguard digital assets. Historical trends show that significant thefts often accelerate technology improvements, emphasizing the importance of robust cybersecurity frameworks in the cryptocurrency industry.
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