Journalist Maxime Truman broke the news, citing sources close to the situation. According to Truman, the freezing of Ovechkin's account is due to an outstanding debt of $543 in federal taxes. Truman reported,
This development comes at a particularly challenging time for Ovechkin, who has likely returned home for the off-season after the Washington Capitals' early exit from the NHL playoffs in the first round. The blocked account is reportedly Ovechkin's main personal bank account, making the situation even more pressing for the NHL superstar.