Tag: legal issues

Yuga Labs vs. Pauly0x: Why This NFT Case Could Save Crypto

Yuga Labs vs. Pauly0x: Why This NFT Case Could Save Crypto

Let’s not kid ourselves, Yuga Labs vs. Pauly0x is starting to feel like the crypto drama series that just won’t die. Trademark infringement, claims of racism, tens of millions in damages, and now…asset forfeiture. It’s a highly convoluted and complex situation, and at first glance this may look like yet...

Oregon vs Coinbase: Why This Lawsuit Could Actually Help Crypto Grow Up

Oregon vs Coinbase: Why This Lawsuit Could Actually Help Crypto Grow Up

The headlines are ablaze: Oregon is suing Coinbase. Another crypto exchange facing legal heat. Anger and anxiety and uncertainty all skip through the crypto community. It’s the same tempting thing to do, but if you feel it’s another blow in a punch after punch of blows. What if I told...

China Sells Seized Crypto: Budget Boost or Legal Minefield?

China Sells Seized Crypto: Budget Boost or Legal Minefield?

China’s ever-evolving relationship with cryptocurrency has been turbulent, the country regularly accepting and then recoiling from the practice with an iron fist. It’s a good problem to have, but now a new chapter is unfolding as the nation finally starts to sell off seized crypto assets. This move presents both...

CryptoPunk Trader Faces Prison Time for $13 Million Tax Evasion

CryptoPunk Trader Faces Prison Time for $13 Million Tax Evasion

An NFT trader just found himself facing prison time after pleading guilty to evading almost $13 million in taxes. This tax evasion is based on profits realized from the trading of CryptoPunk NFTs. Waylon Wilcox, the trader incognito, purchased and sold 97 items from the CryptoPunk NFT collection. Now he’s...

NFT Trader Admits to Multi-Million Dollar Tax Evasion Scheme

NFT Trader Admits to Multi-Million Dollar Tax Evasion Scheme

On April 9, 2025, a Dillsburg man, Scott A. Smith, pled guilty in federal court. He pled guilty to the willful filing of false individual income tax returns for the tax years 2021 and 2022. Special Agent Waylon Wilcox, Middle District of Pennsylvania. He pleaded guilty to hiding tens of...