I was wondering about the following scenario...
Let's say you've bought some BTC on a KYC exchange and kept it all in a HW wallet in hundreds of different generated wallet addresses while not moving anything. The BTC price has risen significantly and you decided to sell some BTC and buy a Lambo. You haven't paid any taxes and when government contacted you about that, you said you had lost it all in a tragic boating accident with all your private keys years ago.
Do you think there's a way the government can make you pay taxes on BTC you've lost a long time ago? I mean they'd have no proof that what you said was not true. Has anything similar happened to anyone here? What's your take on this hypothetical situation?
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