Texas court orders Bitcoin investor to disclose $124 million in crypto keys
Frank Richard Ahlgren III, an early adopter of Bitcoin (BTC), has been directed by a Texas court to relinquish access to his crypto wallets, BNN Bloomberg reported on Jan. 7.
According to the report, Ahlgren was ordered to provide the private keys, seed phrases, and any devices used to store his digital assets. This comes as part of legal proceedings tied to tax evasion charges.
Judge Robert Pitman also restricted Ahlgren’s close associates from transferring or reducing the value of his crypto holdings without court approval. Only essential monthly living expenses are exempted from this restriction.
The crime
Ahlgren entered the Bitcoin space in 2011 but gained regulatory attention for activities starting in 2015. That year, he purchased…
