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by: xpoolPosted on: April 14, 2025

NFT Trader Faces Jail Time for Avoiding $3.3 Million in Taxes

Waylon Wilcox, a 45-year-old NFT trader from Pennsylvania, has pleaded guilty to evading taxes on over $13 million earned by selling CryptoPunks NFTs. He failed to report these sales to the IRS, avoiding nearly $3.3 million in tax payments. This is considered one of the first major cases of tax evasion linked to NFT transactions in the United States.

Related posts:

  1. NFT Trader Sentenced for $13 Million Tax Fraud: Legal Implications for the NFT Market
  2. CryptoPunk Trader Faces Jail Time for $13 Million Tax Evasion
  3. Waylon Wilcox Faces Prison Time for Failing to Report $13 Million in NFT Sales
  4. OpenSea Demands SEC Clarification: How to Regulate NFTs?
Cryptocurrency NFT Tax Evasion

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