NFT Trader Faces Prison for CryptoPunks Tax Fraud

馃毃 CryptoPunks Trader Gets Punked

By CG Meta Game
Apr 28, 2025, 3:39 PM
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Photo by CG Meta Game

A significant legal precedent emerges in the NFT space as a trader faces a 6-year prison sentence for $13M tax fraud involving CryptoPunks NFTs.​

This case follows a broader crackdown on crypto-related financial crimes, including the Brooklyn DA's Virtual Currency Unit's recent success in dismantling fake NFT marketplace networks.​

Key points:

  • $13M tax evasion case specifically involving CryptoPunks
  • 6-year prison sentence proposed
  • Follows pattern of increased crypto-tax enforcement
  • Connected to broader NFT marketplace fraud investigations

This case highlights the growing scrutiny of NFT trading profits by tax authorities.​

Sources
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