A federal court is deliberating on the US government’s request to return funds seized from the 2016 Bitfinex hack to the exchange. Judge Colleen Kollar-Kotelly raised concerns that returning the 94,643 Bitcoin could improperly reduce the forfeiture order against the accused money launderers, Ilya Lichtenstein and Heather Morgan, who have pleaded guilty and are facing prison sentences. The judge has asked for clarification from prosecutors by February 4 before making a decision.
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Bitcoin Investor Ordered to Surrender Crypto Keys in Tax Fraud Case
A Texas Bitcoin investor, Frank Richard Ahlgren III, has been ordered to surrender his crypto keys and access codes following a two-year prison sentence for tax fraud. Ahlgren underreported capital gains on over $3.7 million in Bitcoin sales, resulting in a $1.1 million restitution owed to the government. The court has restricted any movement of his cryptocurrency until the restitution is satisfied, marking a significant case in cryptocurrency-related tax evasion.
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