Roger Ver Reaches Settlement With US Department of Justice Over Bitcoin Holdings

Bitcoin pioneer Roger Ver has reached a formal settlement with the U.S. Department of Justice. Ver admitted to intentionally hiding his Bitcoin holdings when he renounced his U.S. citizenship in 2014. As part of the agreement, he signed a deferred prosecution agreement and paid nearly $50 million in back taxes, penalties, and interest to the IRS. Since 2014, Ver has resided in Saint Kitts and Nevis. In 2023, he was arrested in Spain on charges related to his cryptocurrency holdings and extradited to the United States for further investigation.