News of Bitcoin evangelist Roger Ver's arrest has shaken crypto community
an early Bitcoin investor, has shaken the cryptocurrency community. The U.S. Department of Justice accused Ver of mail fraud, tax evasion and filing fake returns to avoid paying at least $48 million in taxes.Ver, who earned the moniker"Bitcoin Jesus" after spreading the word about Bitcoin in its early days, was arrested in Spain this weekend and might be extradited.
The allegations are the latest brought by U.S. authorities against prominent crypto entrepreneurs. Changpeng Zhao, cofounder of Binance, the world's largest crypto exchange, was sentenced to four months in jail on Tuesday. Sam Bankman-Fried, the former CEO of the FTX crypto exchange, received 25 years in prison.The news of Ver's arrest has sent waves through the crypto community, provoking reactions from many, including Galaxy CEO and billionaire investor Mike Novogratz.
The Roger Ver story is a sad one. He didn’t/ doesn’t trust the US govt. Of course, if you served hard time for selling firecrackers over the internet you might not either. He renounced his citizenship soon after serving his time. He hired lawyers and filed the paperwork.…Ver renounced his U.S. citizenship in 2014 and became a citizen of St. Kitts and Nevis, although he was still obligated to file U.S. tax returns that included earnings from certain assets, such as Bitcoin.
"Hoping Roger reaches a settlement quickly and moves on with this. He was a pioneer in the space and funded lots of projects that helped create our industry. I really didn’t agree with him on his Bitcoin Cash obsession but always found him kind and helpful," Novogratz wrote. Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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