Texas Court Orders Bitcoin Trader to Surrender $124 Million in Crypto Keys
The post Texas Court Orders Bitcoin Trader to Surrender $124 Million in Crypto Keys appeared first on Coinpedia Fintech News
A Texas court has ordered Richard Ahlgren III, an early Bitcoin investor, to hand over the private keys controlling $124 million in cryptocurrency. The decision follows Ahlgren’s conviction in a groundbreaking case focused on tax-related cryptocurrency fraud last year. This marks a significant moment in the enforcement of digital asset laws.
The Court’s RulingU.S. District Judge Robert Pitman ruled that Ahlgren must reveal the encryption keys to his crypto wallets and identify all storage devices holding digital assets. This measure is intended to recover $1 million in restitution owed by Ahlgren after his conviction.
