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. 💰 🕵️‍♀️