https://www.bloomberg.com/opinion/articles/2022-01-19/washin...
> This is called “money laundering,” and the essential component of money laundering is generating fake taxable income. If you take $13,800 out of your (legitimate, previously taxed) bank account, and you use it to buy cryptocurrency in a wallet that you tell your accountant and the IRS about, and you then use that cryptocurrency to buy a Meebit, and then you take $50 million out of your sack of illegal money, and you use it to buy cryptocurrency in a wallet that you don’t tell your accountant about, and then you use that cryptocurrency to buy the Meebit from your declared wallet, and then you take the $50 million of cryptocurrency out of the declared wallet and put it back in your (legitimate) bank account, and then you write the IRS a check for $20 million saying “ah I’ve been selling NFTs, what fun I have had, but I have to pay the IRS my fair share,” then … I am obviously not going to give you advice on crime but it’s possible you’ve got something there? Like, nobody has any idea what a Meebit is worth, so this string of outlandish numbers is somewhat plausible? It’s possible that some number of NFT wash trades have a purpose other than pumping up volume on NFT platforms?