Waylon Wilcox pleaded guilty, which is something we all saw coming. Federal prosecutors revealed that our boy had racked up over $13 million from selling 97 CryptoPunk NFTs in the last two years. Yes, that’s right—97 quirky, pixelated avatars that probably looked better with a proper haircut.
Instead of giving Uncle Sam his fair share, Wilcox apparently thought he could play hide-and-seek with his income, dodging about $3.3 million in taxes. Can’t say I blame him; those forms are a real headache, am I right? And how convenient that this all surfaces just before the IRS gets cranky about tax season. 🎉
Now here’s a fun fact: under U.S. tax law, you can’t just waltz away from profits made on digital assets like NFTs or cryptocurrencies. Spoiler alert: they count as capital gains! Who knew?
The IRS is swooping in like a superhero, declaring they will not let this financial misconduct slide—especially not in the ever-evolving circus that is digital finance. Either that or they’ve finally figured out how to use the internet.
In a plot twist you couldn’t make up, local reports said Wilcox’s girlfriend had been fundraising on Facebook for her beauty pageant expenses—completely oblivious to his sneaky NFT stash. Hey, at least someone’s got their priorities straight! 🙄
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2025-04-14 09:30