CryptoPunk Trader Admits Hiding $13M NFT Profit From IRS, Faces Prison Time

Crypto | 2025-04-14 at 10:05 UTC | Source: coinedition.com

NFT trader Waylon Wilcox has pleaded guilty to underreporting nearly $13 million in profits from trading CryptoPunk NFTs. The Pennsylvania resident now faces up to six years in prison after admitting to filing false tax returns in 2021 and 2022. According to the Federal prosecutors, Wilcox sold 62 CryptoPunk NFTs in 2021, earning around $7.4 […] The post CryptoPunk Trader Admits Hiding $13M NFT Profit From IRS, Faces Prison Time appeared first on Coin Edition.

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