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California Man Admits to Laundering $263 Million for Cryptocurrency Scam Group
Summary: According to The Block, the US Department of Justice announced today that 22-year-old California man Evan Tangeman has pleaded guilty to laundering money for a cryptocurrency scam group involving $263 million, laundering over $3.5 million for the group. Tangeman is the ninth defendant to plead guilty in this investigation. The organization carried out the scam ...
According to The Block, the US Department of Justice announced today that 22-year-old California man Evan Tangeman has pleaded guilty to laundering money for a cryptocurrency scam group involving $263 million, laundering over $3.5 million for the group. Tangeman is the ninth defendant to plead guilty in this investigation.
The organization carried out the scam operation from October 2023 to May 2025, stealing approximately 4,100 bitcoins valued at $263 million at the time, or around $371 million at current prices.
The group consisted of hackers, organizers, target identifiers, phone scammers, and burglars specializing in stealing hardware wallets, using stolen databases to select targets. Hackers breached websites and servers to obtain cryptocurrency-related databases, while target identifiers used this data to select the most valuable victims.
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Link: California Man Admits to Laundering $263 Million for Cryptocurrency Scam Group [Copy]
