Lick Allegedly Tied to Multi-Million Dollar Theft Targeting Government Assets

According to recent reports from PANews, an individual identified as Lick has been implicated in a major theft case centered around the misappropriation of over $90 million in funds from a U.S. government-seized address. The investigation has uncovered additional theft incidents affecting multiple unidentified victims, with incidents occurring between November and December 2025. This case highlights the ongoing risks associated with digital asset security and governmental fund management.

The Stolen Funds: Details of the Theft Case

The core allegation involves the unauthorized transfer of more than $90 million from an address previously seized by U.S. authorities. Beyond this substantial primary theft, evidence suggests that Lick orchestrated a series of secondary thefts targeting several victims during the latter months of 2025. The scope and coordination of these criminal activities indicate a potentially sophisticated operation targeting both government assets and private holdings. Investigators have been actively tracking these transactions to establish the full extent of the criminal enterprise.

Cryptocurrency Mixing Activity: Tornado Cash Deposits

In an attempt to obscure the origins and audit trail of the stolen funds, monitoring data reveals that Lick has begun transferring significant amounts of cryptocurrency into Tornado Cash, a privacy-focused mixer service. To date, approximately 11,037 ETH has been deposited into the mixing service. This activity is a key indicator of money laundering attempts, as perpetrators typically use such mixing services to break the on-chain transaction history and complicate law enforcement tracking efforts. The ongoing deposits suggest continued efforts to conceal the criminal proceeds and complicate recovery efforts.