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BTCC / BTCC Square / Global Cryptocurrency /
American Man Faces Prison for Not Disclosing $13m of Crypto Punks NFT Sales

American Man Faces Prison for Not Disclosing $13m of Crypto Punks NFT Sales

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-14 10:11:02
0
A US man from Pennsylvania, Waylon Wilcox, 45, is facing up to six years in prison after pleading guilty to filing false tax returns with the IRS. He hid millions of dollars in income from sales of Crypto Punks NFTs. Wilcox admitted to underreporting over $13 million in income from 97 Crypto Punks transactions between 2021 and 2022, despite selling 62 NFTs at their peak. He reported nothing to the IRS during this period.
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