NFT Profits, Tax Evasion, and Jail Time
A CryptoPunk trader is facing a possible six-year sentence for tax evasion tied to NFT profits.
This isn’t just about one person. It’s a warning.
Profits in crypto aren’t invisible. Governments are watching, and blockchain transactions are traceable.
If you’re cashing out big wins — whether on NFTs, tokens, or trades — make sure your records are clean.
The blockchain is forever. So are tax liabilities.