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DOJ Jails 22-Year-Old for Role in $263M Crypto Heist and Laundering Operation
Evan Tangeman, a 22-year-old California resident, was sentenced on Friday to 70 months in prison for his role in a criminal group that stole about $263 million in cryptocurrencies through social engineering scams and burglary. Tangeman pleaded guilty in December 2025 and admitted to helping members of the group launder at least $3.5 million in illicit funds, according to the US Department of Justice. He also received 3 years of supervised release. The case shows how crypto theft groups are mixing online manipulation with physical crime, using account takeovers, deception, burglary, and laundering networks to move ... (full story)