NEWS: U.S. BITCOIN CUSTODY UNDER FIRE
David Bailey claims the son of the CEO at the firm hired by U.S. Marshals to safeguard government Bitcoin allegedly stole $40M.
He warns the U.S. Treasury should immediately secure the private keys from the Department of Justice, raising serious questions around custody risk, internal controls, and how state-held Bitcoin is protected.
If true, this could become a major stress test for government crypto custody standards — and a wake-up call for how sovereign Bitcoin is managed.
