Bitcoin investor Frank Richard Ahlgren III has been sentenced to two years in prison for crypto tax offenses, including hiding 1,287 BTC worth $124M using mixing services. 🚨 He must surrender his crypto passcodes and pay $1M in tax reparations. The court's decision to monitor his digital transactions sets a new precedent, potentially impacting smaller crypto holders too. Despite the setback, this highlights the growing pains of an evolving crypto landscape. 🌐 Ahlgren has agreed to comply with the court's rulings, marking a significant moment in crypto regulation history.