Roger Ver admits failing to report bitcoin holdings, DOJ drops indictment after $50 million settlement
Quick Take Ver admitted to willfully failing to report his bitcoin holdings when he renounced U.S. citizenship in 2014, according to the DOJ.
Roger Ver, the early bitcoin evangelist nicknamed "Bitcoin Jesus," has officially reached a settlement with the U.S. Department of Justice, admitting to willfully failing to report his bitcoin holdings when he renounced his U.S. citizenship in 2014.
According to the DOJ, Ver entered a deferred prosecution agreement and paid the IRS nearly $50 million in back taxes, penalties, and interest. Prosecutors said Ver's omission caused a $16.9 million loss to the United States. The government has now moved to dismiss the indictment against him.
"Mr. Ver is accepting responsibility for his actions and has agreed to pay a substantial penalty," Acting U.S. Attorney Bill Essayli said in a Tuesday announcement .
Ver, a citizen of St. Kitts and Nevis since 2014, was arrested in Spain last year and extradited to the U.S. in connection with the charges. His case was investigated by the IRS Criminal Investigation’s Cyber Crimes Unit.
The deal makes official what was reported last week — that Ver and the Justice Department were finalizing an agreement to resolve the $48 million tax-evasion case.
Odds of a Trump pardon spiked to nearly 50% on Polymarket yesterday but fell back to around 13% following the DOJ’s announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZEC Rises 4.77% Amid Increased Short Positions and Market Rebound
- ZEC surged 4.77% in 24 hours to $386.31, with a 584.4% annual gain despite recent declines. - A prominent trader increased ZEC short positions to $17.29M, showing a $20k gain but larger losses in BTC and SOL. - Market recovery and short-position adjustments highlight ZEC’s volatility, with analysts warning of potential downward pressure if prices rise further.
ALGO Falls 1.01% While Investors Anticipate Crucial U.S. Inflation Report
- Algorand (ALGO) fell 1.01% in 24 hours to $0.1372, but rose 0.44% weekly/monthly amid market uncertainty. - Investors focus on U.S. inflation data and Fed policy, with Chair Powell signaling cautious rate-cut approach for 2026. - Earnings reports from Airbnb , Coca-Cola , and Coinbase will shape sector sentiment, while unrelated lawsuits impact PRGO and ALVO. - Global volatility in travel/aviation sectors and India's IndiGo disruptions highlight broader market risks unrelated to crypto.
BCH has increased by 32.06% over the past year as the market remains steady
- Bitcoin Cash (BCH) fell 0.19% in 24 hours but rose 32.06% annually, reflecting strong long-term demand and institutional interest. - Analysts highlight BCH's resilience amid stable trading ranges, driven by cross-border transactions and micropayments adoption. - Sustained 6.1% gains over 30 days and 7-day periods underscore BCH's role as a high-utility altcoin in diversified portfolios. - Market stability and growing mainstream recognition position BCH for continued performance amid broader crypto sustai
LUNA +12.97% 24H - Terra Network Update Planned
- LUNA surged 12.97% in 24 hours to $0.0811, but remains down 79.77% year-to-date amid market challenges. - Binance paused LUNA deposits/withdrawals on Dec 8, 2025, for a Terra network upgrade to secure the network during protocol updates. - Adverum’s LUNA Phase 2 trial showed a 90% reduction in anti-VEGF injections for wet AMD, with sustained efficacy and safety over two years. - Analysts anticipate increased Terra on-chain activity post-upgrade, though broader crypto volatility persists, urging investors
Trending news
MoreCrypto prices
More
