Central District Attorney's Office in Pennsylvania, USA, revealed that NFT trader Waylon Wilcox has admitted to two charges of filing false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021, making a profit of about $7.4 million, and then sold 35 CryptoPunk NFTs in 2022, making a profit of $4.9 million. However, Waylon Wilcox submitted a false 2021 tax year personal income tax return in April 2022, underreporting about $8.5 million in income tax and about $2.1 million in tax owed; and then submitted a false 2022 fiscal year personal income tax return in October 2023, underreporting about $4.6 million in income tax and nearly $1.1 million in tax owed. Under federal law, the maximum penalty for these crimes is a total of six years imprisonment, followed by a period of supervised release and fines.