The group spent tens of millions of dollars on luxury items and real estate, using funds stolen from crypto users in social engineering scams.
Evan Tangeman, a 22-year-old resident of California, was sentenced on Friday to 70 months in prison for his role in a criminal enterprise that stole about $263 million in cryptocurrencies from victims through social engineering scams and burglary.
Tangeman pleaded guilty to the charges in December 2025 and admitted to helping members of the criminal organization launder at least $3.5 million in illicit funds, according to the US Department of Justice’s (DOJ) announcement.
He also received three years of supervised release in addition to his prison sentence for his role in the scheme, the DOJ said.
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Source: https://cointelegraph.com/news/doj-sentence-70-months-263m-crypto-scam?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
