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Coinbase User Sentenced to Two Years for Bitcoin Tax Fraud to Surrender Access to $124 Million Bitcoin Fortune

A Coinbase user sentenced to two years in prison for bitcoin tax fraud last month must surrender access to his $124 million bitcoin stash to secure $1 million in owed restitution, ruled a federal judge.

https://www.nobsbitcoin.com/coinbase-user-sentenced-to-two-years-for-bitcoin-tax-fraud-to-surrender-access-to-124-million-bitcoin-fortune/

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Nomad 1y ago

He now owes the government around $1 million in restitution. Okay, but why does he have to hand over his private keys? It's crazy..

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