CryptoPunk Trader Faces Jail Time for Concealing $13 Million in NFT Profits
A Pennsylvania man is on his way to prison after pleading guilty to hiding over $13 million in income. He accumulated this fortune by flipping CryptoPunks non-fungible tokens (NFTs). For example, Waylon Wilcox, who sold 97 CryptoPunks in 2021 and 2022 and failed to report that income to the IRS....