The Atlanta government was the victim of a ransomware attack over a week ago, with the hackers asking for $51k ransom in Bitcoin. Still no word on whether Atlanta have paid the ransom or unlocked the system.
Supposedly the identity of the hackers is known so hopefully they can't run far.
I was having a conversation with an accountant friend of mine and they’re doing #tax for a client who has crypto in their Super Fund.
We talked about how to handle events such as a hard fork (share split? ETH & ETC) and how to treat bonus coins (dividend?). Should coins be treated as a capital asset? Anyone have thoughts, info or experience on how crypto can be translated to the world of tax?