Waylon Wilcox, a Pennsylvania resident, has pleaded guilty to tax evasion for failing to report over $13 million in income from the sale of 97 CryptoPunks NFTs between 2021 and 2022. This resulted in approximately $3.2 million in unpaid taxes. Wilcox's false tax filings could lead to a prison sentence of up to six years. His reported earnings include $7.4 million from selling 62 CryptoPunks in 2021 and $4.9 million from 35 sales in 2022. This case marks a notable instance in the evolving landscape of tax obligations for NFT traders, potentially setting a precedent for future cases.