On-chain data shows that a wallet tied to John “Lick” Daghita controls about 40% of the newly launched LICK token, raising concerns over centralization and risk. The token debuted on Solana-based launchpad Pump.fun, with Daghita actively promoting it on Telegram.
Investigations by on-chain sleuth ZachXBT connected wallets linked to Daghita to over $90 million in suspected thefts, including $24.9 million traced to a US government seizure address and funds tied to the Bitfinex hack. Historical footage revealed him moving large sums during a cybercrime dispute, allowing wallets to be traced.
Authorities are reportedly investigating, while Bubblemaps described the situation as “unhinged.” Questions remain over potential access to seized funds, as Daghita’s family reportedly has ties to a company managing forfeited crypto assets.
