Is Trump’s $28Bn Bitcoin Reserve Stash Really Secure: What Next for BTC USD?

Ben Graham · 5 horas atrás

The US government controls roughly 207,000 Bitcoin seized from crimes like Silk Road and the Bitfinex hack. At today’s Bitcoin price, that stash sits just over $18Bn. The Trump Administration has made these seized tokens part of its national Bitcoin Reserve fund.

While that number sounds comforting at first, with many assuming that Uncle Sam’s Bitcoin is safely held, it poses a key question: can even the world’s most powerful government fully eliminate Bitcoin custody risk?

This comes as BTC USD trades flat over the last 24 hours, and is still sitting just under $88,000 after minimal moves overnight. Crypto in 2026 is quickly becoming a market shaped by ETF flows and growing government involvement, making the US Government custody question an important one.

A recent $40M hack of the US Government’s crypto wallets has raised questions about its custodial setup. If government-grade storage has weak spots, there’s a risk of a black swan event if hackers drain the Trump administration’s Bitcoin Reserve and dump the tokens on the open market.

In case you are curious how John Daghita (Lick) was able to steal $40M+ from US government seizure addresses.

John’s dad owns CMDSS, which currently has an active IT government contract in Virginia.

CMMDS was awarded a contract to assist the USMS in managing/disposing of… https://t.co/lzR2a1aidA pic.twitter.com/PV0IkSuhVy

— ZachXBT (@zachxbt) January 25, 2026

What Happened With the $40M US Bitcoin Hack: ZackXBT Makes a Wild Accusation

Prominent blockchain investigator @ZachXBT has alleged that the individual behind a recent $40M hack of digital assets from US government-controlled wallets is the son of the head of a company contracted by the US Marshals Service to custody seized crypto.

According to ZachXBT’s investigation, a known hacker who goes by “Lick,” real name John Daghita, is allegedly involved in draining tens of millions of dollars worth of crypto from government wallets.

ZachXBT goes on to allege that Daghita is the son of Dean Daghita, the chief executive of CMDSS, a company holding a government custody contract in Virginia.

Company records indicate that Dean Daghita is the president of Command Services & Support (CMDSS), a firm based in Haymarket, Virginia.

In October 2024, CMDSS was awarded a contract by the US Marshals Service to help manage and dispose of “Class 2-4” seized cryptocurrencies. These include coins that are not supported by mainstream centralized exchanges.

There have been no arrests or public statements from anyone within the Trump administration, nor from CMDSS, but if proven true, this highlights a significant risk in a government Bitcoin Reserve without proper security or custodial protocols.

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Why a Strategic Bitcoin Reserve Changes the Stakes

(SOURCE: CoinGecko)

In 2025, policymakers floated the idea of a US Strategic Bitcoin Reserve. The goal was to hold a fast-growing asset for the long term. The Trump administration quickly put the Bitcoin Reserve into action, transferring seized BTC into the Reserve and quickly amassing billions of dollars worth of the leading digital asset.

This move, echoing El Salvador’s, which was the first nation to adopt a Bitcoin Reserve strategy, pushes Bitcoin closer to the mainstream and traditional finance.

It also concentrates risk. With so much BTC USD held by individual entities, a single operational mistake, insider breach, or key management failure could trigger a significant unwinding of Bitcoin.

While this has already been tested with the recent $40M hack of government-controlled wallets, the relatively ‘small’ amount wasn’t enough to shake the markets, but does serve as a warning to the Trump administration as it is left to rethink its custody protocols.

We’ve seen this risk before. After the FTX collapse, federal agencies recovered over $1Bn in crypto and took custody of it. Control shifted, but custody risk did not vanish; it just moved hands.

Government ownership does signal maturity, and the US creating such a sizeable Bitcoin Reserve highlights that crypto is no longer a fringe industry. This not only helps long-term adoption but also supports institutional demand.

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