Allegations have emerged that over $40 million in seized Bitcoin was stolen through insider access at a U.S. federal custody contractor managing government-held crypto. The theft reportedly involves the son of the CEO of Command Services & Support, a firm contracted by the U.S. Marshals Service to manage seized digital assets including those from high-profile criminal cases. These claims raise serious concerns about the security and management practices of the U.S. government’s increasingly large Bitcoin reserves.

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