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TBH the article looks a bit sensationalist. The $10m worth in CSV were sold obviously at a lower price, so it couldn't possibly make him 10 million US dollars;

TBH the article looks a bit sensationalist. The $10m worth in CSV were sold obviously at a lower price, so it couldn't possibly make him 10 million US dollars; plus, they went through other black market resellers who I guess would take their cut.

withinrafael 7y ago
He net roughly 3 million USD dollars [1] after a bunch of resale activity, per complaint (case 2:19-mj-00321-PLM). [1] https://regmedia.co.uk/2019/07/17/us_v_kvashuk.pdf https://regmedia.co.uk/2019/07/17/us_v_kvashuk.pdf page 25
- newyankee 7y ago
  Won't the IRS find sudden jumps in balance ? He must have had to pay taxes on this i guess. How else can he explain the source ?
  - pbhjpbhj 7y ago
    Bought Bitcoin and held it (offline wallet) for ~15 years?
    - newyankee 7y ago
      but then they will ask for blockchain transaction history to prove it ?
      - pbhjpbhj 7y ago
        If you washed it, surely you can't do that?
  - withinrafael 7y ago
    Page 25 of the complaint (see parent post) also details how he didn't report the new income to the IRS and filed false returns. (Ouch.)