According to news on January 8, Frank Richard Ahlgren III, the first Bitcoin investor in the United States to be convicted of tax crimes for cryptocurrency trading, has been sentenced to two years in prison and required to hand over the keys to access his cryptocurrency assets. Ahlgren is accused of concealing at least 1,287 bitcoins, currently worth more than $124 million, through mixing services, according to court documents. He previously pleaded guilty to underreporting capital gains taxes on $3.7 million in Bitcoin transactions and was ordered to pay $1 million in tax losses to the U.S. government. Judge Robert Pitman of the U.S. Federal Court in Austin, Texas, ordered Ahlgren to turn over the keys and equipment where the crypto assets were stored and to disclose all cryptocurrency accounts. He is prohibited from transferring, selling or depleting any property without court approval, but it can be used for normal living expenses. Ahlgren's attorney, Dennis Kainen, said his client will comply with the court's order.