Record a crypto loss without mixing token amounts and dollar values

Keep the native asset quantity

Practical checklist · not an audit of another provider

For each transfer, record the network, asset, amount, transaction identifier and time. Keep exchange statements or receipts that show what you paid. A token ticker by itself may be ambiguous, so retain the identifying details supplied by the original transaction record. Do not overwrite these facts with a later estimate in another currency.

Label conversions explicitly

Practical checklist · not an audit of another provider

If you need a fiat equivalent, state the date and source used for the conversion. Distinguish the amount paid, the value at the incident and a current estimate. The USI Tech announcement demonstrates why the valuation date is material. This record-keeping approach is not a determination of the legally recoverable loss, which may follow different rules.

Separate payments from displayed balances

Practical checklist · not an audit of another provider

Maintain deposits, withdrawals and internal platform balances in separate columns. An apparent profit may never have existed outside the platform. The FBI recommends including transaction details even when you are unsure of their relevance. Submit what you actually know through verified reporting channels, explain gaps honestly and avoid fabricating a precise total to make an incomplete history look complete.

Keep a transaction and valuation pair

Practical checklist · not an audit of another provider

For each transfer, save the original asset quantity, network, transaction identifier and timestamp. If your exchange statement includes a fiat amount, preserve that document and label what the number represents. Put any later conversion in a different column with its date and rate source. Do not overwrite the original quantity with a rounded dollar total. If two records disagree, retain both and note the discrepancy. This makes the file usable for later reconciliation without pretending that your personal conversion determines a court's loss calculation.

Sources, dates and limits

Checked 23 October 2026 against the January 2024 charging release and the FBI wanted notice. The $150 million valuation in the original announcement was a date-specific value of transfers, not a current portfolio value. Underlying fraud allegations remain attributed to their sources.