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Pennsylvania Man Pleads Guilty to Tax Fraud Over $13M in CryptoPunks NFT Sales

  • Pennsylvania man Waylon Wilcox pleaded guilty to filing false tax returns concealing $13M in CryptoPunks NFT sales
  • He underreported $8.5M in 2021 and $4.6M in 2022, reducing his tax obligation by over $3.2M
  • Wilcox sold 97 CryptoPunks NFTs: 62 in 2021 for $7.4M and 35 in 2022 for $4.9M
  • He faces up to six years in prison, supervised release, and fines for tax evasion

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