No, it's the same. Crypto is an asset so when you sell it for a gain, it's a taxable event. If the asset is held for less than 12 months, it's a short-term capital gain taxed at the filer's ordinary income rate and if it is held longer than 12 months, it's a long term capital gain taxed at the filer's capital gains tax rate.
The crypto trading platforms will generate a 1099 at the end of the year showing the account's activity. If a person wants to file a tax return and not evade taxes, they need to use that 1099 information. Run the calculations or put it in the tax software and it will compute the tax owed.
This appears to be this person's tax return filing instructions (from either tax software like Turbo Tax or from an accountant) that has computed that he owes over $160K, but he's saying that he doesn't have the money - he apparently never put away the tax portion of his gains when he sold them and just reinvested all of the sale proceeds . . . and the market has turned and he no longer has the money he needs to pay the tax.