Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
tag
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
Gate Learn
Crypto guides and educational resources
Gate Blog
Crypto insights and industry updates
Gate Research
In-depth research and market analysis
flower_head
More
Promotions
AI
Others
TradFi（新）
Gate Card
Rewards
Square
Latest
Hot
News
Profile

The founder of the crypto fund Translunar was sentenced to 37 months for tax evasion, involving hiding $7 million in income

MeNews
robot
Abstract generation in progress
ME News, July 29 (UTC+8): Justin Ryan Schmidt, founder of crypto investment fund Translunar Crypto LP, was sentenced to 37 months in prison by a U.S. court for a tax evasion case. The U.S. Department of Justice said the 46-year-old Schmidt pleaded guilty this year in the Austin federal court in Texas, where he was accused of falsely reporting income between 2020 and 2022—underreporting income by less than $5,000. Prosecutors said that in reality, he earned more than $7 million in income through the fund business between 2019 and 2022. It is reported that Schmidt founded Translunar in 2017, mainly investing in blockchain startups, with funds mainly coming from investors in the Austin area of Texas and the Aspen area of Colorado. The Criminal Investigation Division of the IRS arrested him on February 23, 2026, and he has been held in custody ever since. (Source: ChainCatcher)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap