The US lawyer has found Waylon Wilcox, an encrypted and indifferent icon investor, guilty of making wrong income tax declarations. During the annual admission of individual income tax, Trader NFT intentionally deleted $ 13 million of income from Cryptopunks NFT sales. Based on the US tax laws, Trader cryptopungs NFT attracts up to six years of prison and a fine.
Trader NFT imposed a tax fraud of $ 13 million
On April 11 press releaseThe US Public Prosecutor’s Office, the Central Province in Pennsylvania, confirmed that he found Willon Wilkox, a 45 -year -old NFT dealer from Delsburg, Pennsylvania, guilty of submitting wrong income taxes. According to the fee paper submitted in the court on April 12, 2022, Wilkox submitted individual income tax declarations for 2021 and deleted $ 2 million in order to deliberately.
April 11, 2025, Wellon Wilkox of Delburg, Pennsylvania, the United States, recognizes guilt on two charges (2) to submit the wrong individual income tax declarations to the United States’ Internal Revenue Service.
Mr. Wilkox lied to the United States’ internal revenue service in relation to it … pic.twitter.com/jvkmsxbah
-VX-energround (vxunderground) April 13, 2025
In 2022, Wilkox submitted the annual income tax decisions by about $ 4599,532 and reduced his tax again by about $ 1098,623. Wilcox got most of this unpaid income after obtaining and selling 97 pieces of Cryptopunks. In 2021, Wilkox sold approximately 62 bons, bringing the total 7,402,935 dollars. In 2022, Wilkox sold about 35 Cryptopunks NFTS to a total of about $ 4,899,180.
Cryptopunks was launched in 2017, which is a non -applicable symbolic set characterized by a limited supply of 10,000 unique letters, 24 x 24 pixels stored on Ethereum Blockchain. Punks Nfts has grown in popularity, to become a symbol of digital art and achievement. Each Cryptopung Nft is unique, with randomly created features such as clothes, accessories and hairstyles. The bad guys were initially created by LARVA LABS Digital Assets, but is now managed by Yuga Labs.
NFT Trader “Wilcox” faces 6 years in prison
Based on tax laws in the United States, when the NFT taxpayer, including Cryptopung, they must report sales returns and any gains or losses from selling NFT on tax declaration. In submitting annual tax declarations, Wilkox answered wrongly “not” on the question “at any time during the year 2022, have you: (a) receive (as a reward, grant, or payment of property or services); or (b) selling, exchange, gift or disposal of digital assets (or financial interest in digital assets)?” This deliberate work attracted a six -year prison period.
The Wilkox tax fraud case was investigated by the Internal Revenue Department, the criminal investigation. American lawyer David C Williams is prosecuting the case. Trader Nft Wilcox joins a fast -growing menu from encrypted investors and NFT that has been referred to on encryption fraud, including former FTX CEX coach, Sam Bankman Fried. During the comment on the case, Yuri Cruti, the official of the Philadelphian Field Office, commented ::
“Criminal investigations in the Tax Authority are obligated to reveal the complex financial plans that involve virtual currencies and symbolic transactions that are not applicable (NFT) designed to hide the taxable income. In the economic environment today, it is more important than ever before that the American people feel confident that everyone plays the rules and pays the taxes they are going through.”
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