The US lawyer has found a guilty of submitting a false income tax declaration by discovering Waylon Wilcox, a crypto and inconvenient token investor. During the annual personal income tax return, the NFT merchant deliberately omitted $ 13 million in Cryptopunks NFT sales. According to the US tax law, the Cryptopunks NFT merchant attracts up to six years of imprisonment and fines.
NFT merchants have filed more than $ 13 million tax fraud.
In the press release on April 11, the Middle District US Lawyer Office in Pennsylvania is a 45 -year -old NFT merchant from Dillsburg, Pennsylvania, Pennsylvania, Pennsylvania. It was confirmed that the income tax declaration was submitted. WILCOX submitted a personal income tax declaration in 2021 based on the bill published in the court on April 12, 2022, and omitted $ 2 million from his turnover.
On April 11, 2025, Waylon Wilcox in Delfburg, Pennsylvania, USA, is guilty of two cases of submitting a false personal income tax declaration to the US IRS.
Wilcox lied to his interval. pic.twitter.com/jvkkmsxbah
-VX-UNDERGROUND (@VXUNDERGROUND) April 13, 2025
In 2022, WILCOX submitted an annual income tax return to about $ 4,599,532 and reduced taxes to about $ 1,098,623. WILCOX acquired and sold 97 creepto punks and earned most of the income that was not reported. In 2021, WILCOX sold about 62 punks for a total of $ 7,402,935. In 2022, WILCOX sold about 35 password punk NFTs for $ 4,899,180.
Cryptopunks, released in 2017, is a token collection with a limited supply of 10,000 unique 24 × 24 pixel art characters stored in Etherrium Blockchain. Punk NFT has become more popular and has become a symbol of digital art and possibility of collection. Each cryptopunk NFT is unique and randomly generated attributes such as clothing, accessories and hairstyles. Punk was first created by a digital asset company, Larva Labs, but is now managed by Yuga Labs, a digital asset company.
NFT merchant “Wilcox” is faced with six years in prison.
Under the US tax law, when taxpayers sell NFT, including cryptocurrency punks, they must report sales revenue and losses from NFT sales to tax declarations. In his annual tax declaration, Wilcox said, “In 2022, we answered“ No ”to the following questions, and this intentional behavior attracted six years in prison.
The WILCOX tax fraud case was investigated by the IRS and Criminal Survey. US lawyer David C. Williams prosecuted the case. NFT Merchant WILCOX is growing rapidly in the list of encryption and NFT investors, which are displayed for encryption fraud, including the former FTX CEX boss SAM Bankman Fried. Philadelphian Field Office Special Agent Yury Krutey said:
“IRS crime investigations are trying to identify complex financial systems related to virtual currencies and NON-FUNBIBLE TOKEN (NFT), which are designed to hide taxable income. In today’s economic environment, it is more important for Americans to play according to the rules and pay taxes.”
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