On-chain knowledge revealed a pockets tied to John “Lick” controls 40% of LICK’s provide following its Pump.enjoyable launch.
A newly launched meme coin referred to as LICK has come below scrutiny after on-chain knowledge linked its creation to John Daghita, additionally recognized on-line as “Lick,” who has been accused of stealing $40 million from the US authorities.
In its newest replace, blockchain analytics platform Bubblemaps reported that Daghita just lately launched LICK on Solana-based meme coin launchpad, Pump.enjoyable, and has been actively live-streaming on Telegram to advertise the token. In keeping with the information shared, a single pockets linked to Daghita holds roughly 40% of the entire LICK provide, which has sparked fast centralization and threat issues.
Bubblemaps described the state of affairs as “unhinged.”
From Seized Funds to Pump.enjoyable
The Bubblemaps replace comes simply days after distinguished on-chain investigator ZachXBT published an in depth discovering connecting the “Lick” to wallets tied to large-scale suspected thefts and funds linked to US authorities seizure addresses. ZachXBT mentioned his investigation stemmed from a leaked recording of a personal group chat, during which a risk actor named “John” was seen screensharing pockets balances and shifting hundreds of thousands of {dollars}’ value of cryptocurrency throughout an argument with one other actor.
In keeping with ZachXBT, the dispute escalated into “band for band,” a follow in cybercrime circles the place members try and show wealth by displaying and transferring funds in actual time. The investigator said that the recording confirmed John controlling a number of wallets and shifting important quantities of crypto whereas being filmed, which allowed the wallets to be traced afterward.
After analyzing the footage, the on-chain sleuth reported that the wallets displayed within the recording might be linked to greater than $90 million in suspected thefts. He mentioned that one pockets within the transaction chain acquired 1,066 WETH on November 20, 2025, which he traced again to a pockets that had acquired $24.9 million from a US authorities tackle in March 2024.
Ties to Bitfinex Funds
ZachXBT claimed this tackle was related to funds seized from the Bitfinex hack, which he beforehand reported on in October 2024. He additional claimed that the identical pockets acquired over $63 million in inflows from suspected victims and authorities seizure-related addresses throughout the fourth quarter of 2025, together with an extra 4,170 ETH, value about $12.4 million on the time, originating from MEXC.
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John had an extended historical past of boasting about his internet value on Telegram and shared identifiers tied to these messages, as per ZachXBT, who additionally added that rumors in cybercrime channels indicated the person might be John Daghita, who was arrested in September 2025, although he acknowledged that additional affirmation was wanted.
The investigator raised extra questions on entry to seized funds, whereas citing that John’s father owns CMDSS, an organization holding an lively US Marshals Service contract associated to managing forfeited crypto property. He harassed that it stays unclear how any entry could have occurred.
In the meantime, public statements from officers confirmed that the US authorities authorities are investigating the matter.
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