Pennsylvania Man Pleads Guilty to Hiding Millions from CryptoPunk Sales

A Pennsylvania man has pleaded guilty to tax evasion charges, admitting he concealed more than $13 million in income from the sale of CryptoPunks NFTs between 2021 and 2022. This evasion led to him avoiding paying nearly $3.2 million in taxes. The case, brought by the IRS, shows that concealing sales of these digital assets can lead to significant legal consequences.