If your crypto provider is indicted by the U.S. government, it is important to carefully consider your options and seek professional guidance. Here are a few steps you may want to consider:

  1. Gather information: Find out as much as you can about the indictment and the circumstances surrounding it. This will help you understand the situation and make informed decisions.
  2. Consult with a financial professional: A financial professional, such as a financial advisor or attorney, can help you understand the implications of the indictment and advise you on the best course of action.
  3. Keep a close eye on developments: It is important to stay informed about the situation and any updates or developments. This will help you make informed decisions about your assets and your financial future.
  4. Your taxes will also be affected. Only when the crypto is declared worthless or an indictment takes place. You will only be able to take $3000 in losses a year unless you have gains from other assets to offset the loss.

It is important to note that every situation is unique, and the best course of action will depend on your specific circumstances. If you have any questions please click here to set up a time to talk about your situation.