IRS, Chainalysis to Trace $4M Bitcoin Profits In Crypto Tax Evasion Case

The Internal Revenue Service (IRS) secured its first criminal crypto tax evasion conviction focused solely on cryptocurrency transactions. Texas resident Frank Richard Ahlgren III was sentenced to two years in prison and restitution of $1,095,031. The case, supported by Chainalysis blockchain analysis tools, revealed how Ahlgren concealed over $4 million in Bitcoin (BTC) sales proceeds.... source: https://www.thecoinrepublic.com/2025/01/29/irs-chainalysis-to-trace-4m-bitcoin-profits-in-crypto-tax-evasion-case/