Texas Court Pulls $124M in Crypto from OG Bitcoin Trader

Early BTC investor Richard Ahlgren III just got slammed by a Texas court, forced to surrender private keys to $124M in digital assets after a tax fraud conviction.

Accused of hiding gains from $3.7M in Bitcoin flips and lying to his accountant; Ahlgren allegedly used advanced blockchain obfuscation to cover his tracks.

The court? Not impressed. They've locked his wallets tight - only minimal funds for living expenses allowed.

Regulators are getting serious about crypto enforcement.

Source: CoinDesk$BTC