The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.

The Internal Revenue Service's Criminal Investigation unit identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous year.

The IRS's Western Cyber Crimes Unit played a major role in the case, which was recently settled for over $4 billion.

A recent study says there is no longer a typical crypto investor, as there are few characteristics that differ greatly from the general population.

Among other things, they may unintentionally snare mutual funds, an expert testifies.

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

Officials from the Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

In court, a forensic accountant tried to explain what happened to the customer funds that were missing before the crypto exchange filed for bankruptcy.

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.