The second scam is to create a big loss to reduce tax liabilities in a fraudulent way. Again, you create several different wallets. One of them is linked to you

The second scam is to create a big loss to reduce tax liabilities in a fraudulent way. Again, you create several different wallets. One of them is linked to your real name and the others are anonymous. You buy an NFT with an anonymous account that you control for $200k, and sell it to another anonymous account you control for $250k. Then you sell it to your real-name account for $500k. Your real-name account then sells it to another one of your anonymous accounts for $200k, locking in a massive $300k “loss”. Your anonymous account can then potentially sell it for roughly what you paid for it, maybe $200k if the market hasn’t changed much since you began this trick. This is a useful tax “loss” (which wasn’t really a loss, since you secretly paid it to yourself) that can offset your real crypto capital gains from other trading areas. And then the person has $300K in wealth sitting in an anonymous account that they can't spend, because they can't explain where they got it from without explaining their ploy. If you want to go that route, you could just as easily claim you lost $300K to a hack.