The Internet reported that the U.S. Attorney's Office for the Central District of Pennsylvania 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 a profit of approximately US$7.4 million, and subsequently sold 35 CryptoPunk NFTs in 2022, making a profit of US$4.9 million. However, Waylon Wilco filed a false personal income tax return for the 2021 tax year in April 2022, understating approximately US$8.5 million in income tax and approximately US$2.1 million in tax payable; it also filed a false personal income tax return for the 2022 fiscal year in October 2023, understating approximately US$4.6 million in income tax and nearly US$1.1 million in tax payable. Under federal law, the maximum penalty for these crimes totals six years in prison, followed by a period of supervised release and a fine.