Earlier, prosecutors reported that the man had filed false tax returns, failing to mention the sale of $ 3.7 million worth of bitcoins. In December 2024, he was sentenced to two years in prison for evading taxes on capital gains from cryptocurrencies. The government insisted on ensuring access to digital assets, as they cannot be seized by physical means.
The judge ruled that the defendant has no right to dispose of his property, including cryptocurrency, without the appropriate court order. At the same time, he is allowed to spend money on monthly needs. Private keys to the assets were requested to prevent their movement by other persons.
Algren must not only disclose the access codes, but also cooperate with law enforcement agencies in identifying other possible sources of cryptocurrency storage. His lawyer, Dennis Kainen, assured that his client would fulfill all the court’s requirements.