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A U.S. man admits to hiding $13 million in CryptoPunks income to evade taxes.
Waylon Wilcox, a man from Pennsylvania, USA, has admitted to submitting false tax returns for concealing over $13 million in income from the sale of 97 CryptoPunks NFTs in 2021 and 2022, evading approximately $3.2 million in taxes. Wilcox faces a maximum of 6 years in prison, supervised release, and fines, with the court yet to determine a sentencing date. (Decrypt)