<ul><li>Waylon Wilcox, a trader based in Dillsburg Pennsylvania, has pleaded guilty to tax evasion after not reporting income from CryptoPunk sales, evading about $3.3 million in taxes.</li><li>Wilcox faces up to six years in prison for tax evasion and his actions highlight the increasing scrutiny on cryptocurrency and NFT transactions.</li><li>The NFT tax investigation is the first major case in the United States and emphasizes the importance of taxpayers complying with rules and tax payments.</li><li>The CryptoPunks NFT market has experienced a decline in sales volumes, but the floor price has increased to $68,800.</li></ul>

CryptoPunk NFT Trader Faces Prison for $3.3M in Tax Evasion

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