According to the U.S. Department of Justice, early Bitcoin evangelist and "Bitcoin Jesus" Roger Ver has reached a settlement with the U.S., admitting that he deliberately failed to declare his Bitcoin holdings when he renounced his U.S. citizenship in 2014.

According to the Department of Justice, Ver signed a deferred prosecution agreement and paid nearly $50 million in taxes, penalties, and interest to the IRS. Prosecutors said his cover-up resulted in approximately $16.9 million in losses. The U.S. government has since dropped the criminal charges against Ver.

Acting U.S. Attorney Bill Essayli said Ver is taking responsibility for his actions and has agreed to pay a substantial fine. Ver, a citizen of St. Kitts and Nevis since 2014, was arrested in Spain last year and extradited to the United States. His case was investigated by the IRS Cybercrime Unit.