He got rich off pixelated punks — and punked the Internal Revenue Service in the process

A Pennsylvania man faces federal prison after pleading guilty to flipping more than $13 million worth of digital art from the infamous CryptoPunks NFT collection — and reporting none of it to the IRS, prosecutors said Friday.

A Pennsylvania man is heading to federal prison after admitting to flipping more than $13 million worth of digital art from the infamous CryptoPunks NFT collection — and reporting none of it to the IRS, prosecutors said Friday.

Waylon Wilcox, 45, of Dillsburg, pleaded guilty to filing false tax returns in 2021 and 2022. Over those two years, Wilcox sold 97 CryptoPunks — tiny, pixelated avatars from a 10,000-piece digital series — and made $7.4 million one year and $4.9 million the next.

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But on his tax returns, he told the government he hadn'日時

News data source: kdj.com

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