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A comment on USD 4.27B stolen in 2022 in Web3/crypto hacks and scams. Parent comment

Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by dharmab on Tuesday January 03, 2023 @12:30PM (#34234642)
> That rigamarole could have been easily avoid by converting the crypto to cash, which is trivial to prove is yours.

In US law this is a taxable event.

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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by astrange on Tuesday January 03, 2023 @12:34PM (#34234718)
Paying for something with crypto is the same taxable event as converting it to cash. You can’t get out of that.
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