Although he was required to pay an exit tax on all his holdings upon renouncing his citizenship, Ver never paid tax on his Bitcoin, he admitted in the deferred prosecution agreement. The capital gains tax he owed from his cryptocurrency hoard totaled near $17 million, said prosecutors. The nearly $50 million settlement he reached with the DOJ includes not only his tax liability but also a civil penalty and unpaid interest.
“This resolution sends a clear message: Whether you deal in dollars or digital assets, you must file accurate tax returns and pay what you owe,” said Associate Deputy Attorney General Ketan Bhirud in a statement.
Ver’s settlement with the DOJ is the latest sign of President Donald Trump’s pullback on crypto crime in his second term.
Update, Oct. 14, 2025: This article was updated to include a comment from the DOJ.
