According to Golden Finance, the U.S. Attorney's Office of the Central District of Pennsylvania, the U.S., disclosed that NFT trader Waylon Wilcox pleaded guilty to two charges of filing false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021, making about $7.4 million in profits, and then sold another 35 CryptoPunk NFTs in 2022, making $4.9 million. However, Waylon Wilco filed a false personal income tax return for the 2021 tax year in April 2022, underreporting approximately $8.5 million in income tax and approximately $2.1 million in tax payable; in October 2023, underreporting approximately $4.6 million in income tax and nearly $1.1 million in tax payable. Under federal law, the maximum penalty for these crimes is a total of six years in prison, with a period of supervised release and a fine after being imprisoned.