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How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls

CoinDesk LogoCoinDesk13h ago

How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls - CoinDesk

Quick Summary:

The bitcoin mining industry routinely underreports the value of imported ASIC shipments to the U.S., multiple sources told CoinDesk.

Some members of the bitcoin (BTC) mining industry are in the habit of routinely undervaluing mining rig shipments with the U.S.

Ford, who pled guilty to bank fraud and money laundering charges related to a COVID-related loan, was sentenced to 20 months in prison and had to pay $250,000 in restitution; she came out in August of last year and launched BitFord in October.

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Article Details

Author / Journalist: Tom Carreras

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 12:30:00 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1427 words

Reading Time: 8 minutes read

Sentences: 60 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28150210

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls" was covered 13 hours ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 25 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/how-some-bitcoin-mining-firms-17453273183172

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