Big news in the world of cryptocurrency! Dan Morehead, who runs a huge crypto company called Pantera Capital, is being investigated. The government thinks he might have avoided paying taxes by moving to Puerto Rico. This is a complicated situation, but it's important to understand how taxes work for businesses and people who invest in crypto.
- The government believes Mr. Morehead didn't pay taxes on a lot of money he made.
- He might have used special tax rules in Puerto Rico that don't apply to his situation.
- Pantera Capital is a famous company that invests in cryptocurrencies like Bitcoin.
| Fact | Number |
|---|---|
| Amount of money possibly avoided in taxes | Over $850 million |
| Pantera Capital's total assets | Over $5 billion |
| Bitcoin price when Pantera first invested | $74 |
