B
BTC $114,712 ↑ 0%
E
ETH $3,678 ↑ 3.2%
X
XRP $3.06 ↑ 1.5%
U
USDT $1.00 ↑ 0%
B
BNB $765.73 ↑ 1.4%
S
SOL $169.02 ↑ 2.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,674 ↑ 3.1%
T
TRX $0.33 ↑ 2.2%
D
DOGE $0.21 ↑ 3.2%
A
ADA $0.75 ↑ 1.9%
W
WBTC $114,658 ↓ 0.1%
B
BTC $114,712 ↑ 0%
E
ETH $3,678 ↑ 3.2%
X
XRP $3.06 ↑ 1.5%
U
USDT $1.00 ↑ 0%
B
BNB $765.73 ↑ 1.4%
S
SOL $169.02 ↑ 2.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,674 ↑ 3.1%
T
TRX $0.33 ↑ 2.2%
D
DOGE $0.21 ↑ 3.2%
A
ADA $0.75 ↑ 1.9%
W
WBTC $114,658 ↓ 0.1%

Musician Loses $3M NFT Fortune to Taxes and Crypto Crash

June 7, 2025 Sama Tarek 1 min read Short News

Musician Jonathan Mann made $3 million selling NFTs of his songs but lost nearly everything in a crypto crash. He didn’t cash out, owed over $1 million in taxes, and lost hundreds of ETH in a loan collapse. He sold a rare NFT to pay the IRS and shared his story in a song.

Sama Tarek

Sama Farghaly is a contributing writer covering the evolving intersection of compliance, fintech, and digital assets. She brings practical, on-the-ground experience advising Web3 startups and licensed entities on regulatory frameworks across the UAE and international markets. Sama specializes in AML/CFT policy development, licensing strategy, and operational compliance, with a focus on helping companies navigate complex legal environments. Her writing translates regulatory developments into clear, actionable insights—bridging the gap between policy and innovation for a global crypto audience.

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