22-Year-Old California Money Launderer Sentenced to 70 Months Over $263M Cryptocurrency Heist

TLDR: Evan Tangeman, 22, of Newport Beach, CA, was sentenced to 70 months for laundering at least $3.5M in stolen crypto funds. The criminal enterprise stole over $263M in cryptocurrency through social engineering tactics starting in October 2023. Tangeman directed destruction of digital evidence after co-conspirators were arrested, worsening his federal sentencing outcome. Stolen funds [...]

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