JOSEPH CIOFFI, BENJAMIN SNOW AND ADAM LEVY

The Return of Stolen Crypto Can Be a Taxing Event

Digital assets have been subject to some of the largest thefts in history. In fact, the largest crypto theft — in connection with the February 2025 $1.5 billion Bybit hack — dwarfs the Guinness Book of World Records' entry for the largest bank robbery of $282 million. See "Crypto's biggest hacks and heists after $1.5 billion theft from Bybit," Reuters, Feb. 24, 2025. Sometimes, however, all is...

Read More