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by: xpoolPosted on: April 14, 2025

CryptoPunk NFT Trader Faces Jail Time Over Hidden Profits: First Major Tax Evasion Case

A landmark tax evasion case involving non-fungible tokens (NFTs) is set to shake up the digital asset world. Pennsylvania resident Waylon Wilcox, a 45-year-old individual who traded #CryptoPunks for over $13 million before 2022, has pleaded guilty to concealing these profits from the IRS. This case marks a critical moment in how regulators approach the fast-evolving NFT market. 💰 🕵️‍♀️

Related posts:

  1. CryptoPunk #3100 Sells for $6 Million Despite $10 Million Loss in Slumping NFT Market
  2. CryptoPunk #3100: $6M Sale Leads to $10 Million Loss in NFT Market
  3. CryptoPunk Seller Pleads Guilty for Failing to Report NFT Sales
  4. CryptoPunk Trader Pleads Guilty to $13M Tax Evasion: Impact on Market Remains Unclear
CryptoPunks NFT Tax Evasion NFTs

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