Solana-hacked Crypto Could be Claimed as a Tax Loss: Experts

7 days ago
KingData News: Australian, Canadian & U.K. crypto investors may potentially claim hacked crypto as a tax loss, but U.S. investors will miss out, according to tax experts. In correspondence with Cointelegraph, Shane Brunette, the CEO of Australia-based CryptoTaxCalculator confirmed that crypto lost via a hack or an exploit couldd be declared as a loss for tax purposes in certain jurisdictions.
On August 3, the Solana eco-wallet Phantom was suspected to have been hacked, with multiple users reporting that their funds were unknowingly depleted. This indicator provides an update on the theft of Solana wallets.
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