fbpx

sFOX Statement on IRS Summons

As has been reported, sFOX received a “John Doe” summons from the IRS (as of August 23, 2022). While it is the normal course of sFOX business not to comment on such pending items, we feel it is imperative to cover a few important facts.

  • The “John Doe” summons clearly states “ There is no allegation in this suit that SFOX has engaged in any wrongdoing in connection with its digital currency business.”
  • The IRS uses “John Doe” summonses to obtain information about possible violations of internal revenue laws by individuals whose identities are unknown.
  • sFOX is reviewing internally and with external legal counsel around next steps.
  • sFOX always adheres to the law and will be helpful and respectful in any investigation, while also ensuring that we protect our customers’ personal or private information.

Any customer queries should be directed to legal@sfox.com

sFOX Statement on IRS Summons

While it is the normal course of sFOX business not to comment on such pending items, we feel it is imperative to cover a few important facts.