{"id":662512,"date":"2025-04-13T14:50:17","date_gmt":"2025-04-13T11:50:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nft-trader-faces-prison-for-13m-tax-fraud-on-cryptopunk-profits\/"},"modified":"2025-04-13T14:50:17","modified_gmt":"2025-04-13T11:50:17","slug":"nft-trader-faces-prison-for-13m-tax-fraud-on-cryptopunk-profits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nft-trader-faces-prison-for-13m-tax-fraud-on-cryptopunk-profits\/","title":{"rendered":"NFT trader faces prison for $13M tax fraud on CryptoPunk profits"},"content":{"rendered":"

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The trader sold 62 CryptoPunk NFTs in 2021, earning app<\/a>roximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million.<\/p>\n

A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according to the US Attorney\u2019s Office for the Middle District of Pennsylvania.<\/p>\n

Waylon Wilcox, 45, admitted to filing false income tax returns for the 2021 and 2022 tax years. The former CryptoPunk investor pleaded guilty on April 9 to two counts of filing false individual income tax returns, federal prosecutors said in an April 11 press release<\/a>.<\/p>\n

Back in April 2022, Wilcox filed a false individual income tax return for the tax year 2021, which underreported his income tax by roughly $8.5 million and reduced his tax due by approximately $2.1 million.<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million. A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according…<\/p>\n","protected":false},"author":1,"featured_media":662513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01962ebf-2a1e-7eff-a0b7-4e5f57189297","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74858,74894,74863,74860,74868,129176,95118,95851,111663,74355,117,71433,73711,73434,55229,46483,67874],"class_list":["post-662512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin-regulation","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-legal-brief","tag-nft","tag-return-of-investment","tag-tax-reduction","tag-adoption","tag-business","tag-court","tag-investments","tag-irs","tag-law","tag-taxes","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/662512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=662512"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/662512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/662513"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=662512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=662512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=662512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}