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<p><strong>Evan Tangeman, a 22-year-old California resident, has been sentenced to 70 months in prison for his role in a crypto theft group.&nbsp;</strong></p>
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   <li>Evan Tangeman received 70 months in prison for helping launder stolen crypto funds for criminals.</li>
   <li>The group stole about $263 million through social engineering scams, burglary, and other coordinated attacks.</li>
   <li>Prosecutors said stolen funds paid for Lamborghinis, Rolexes, real estate, and large nightclub bills, too.</li>
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<p>The group stole about $263 million from victims through social engineering scams and burglary.</p>
<p>Tangeman pleaded guilty in December 2025. According to the U.S. Department of Justice, he admitted that he helped members of the group launder at least $3.5 million in stolen funds.</p>
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<h2 class="wp-block-heading" id="strong-doj-says-group-spent-stolen-funds-on-luxury-assets-strong"><strong>DOJ says group spent stolen funds on luxury assets</strong></h2>
<p>The DOJ <a href="https://www.justice.gov/usao-dc/pr/california-money-launderer-sentenced-dc-70-months-role-scheme-stole-263-million" rel="noopener noreferrer nofollow">said</a> the criminal group used stolen crypto to fund a costly lifestyle. Prosecutors said members spent money on real estate, luxury cars, Rolex watches, and large nightclub bills.</p>
<p>U.S. Attorney Jeanine Pirro said the group showed extreme greed. She stated, “They stole millions, spent it on half-million-dollar nightclub tabs, Lamborghinis, and Rolexes.”</p>
<p>Moreover, Tangeman also received three years of supervised release after his prison term. Prosecutors said his conduct went beyond laundering stolen money for the group.</p>
<p>Pirro said Tangeman tried to destroy evidence after other members of the group were arrested. She said, “That is consciousness of guilt,” adding that the court treated the conduct seriously.</p>
<h2 class="wp-block-heading" id="strong-crypto-crime-cases-rise-in-2026-strong"><strong>Crypto crime cases rise in 2026</strong></h2>
<p>The sentencing comes as crypto <a href="https://crypto.news/kelp-attack-spreads-risk-across-defi-293m-lost/" rel="noopener noreferrer nofollow">scam and hack</a> losses reached $482 million in the first quarter of 2026. Authorities have warned that criminal groups continue to target crypto users through online scams and physical attacks.</p>
<p><a href="https://crypto.news/france-to-unveil-new-security-measures-to-combat-crypto-kidnappings/" rel="noopener noreferrer nofollow">France</a> has also reported a rise in violent attacks against crypto holders. Telegram co-founder Pavel Durov <a href="https://x.com/durov/status/2047757236508704922" rel="noopener noreferrer nofollow">claimed</a> there were 41 kidnappings of French crypto holders in the first quarter of 2026 alone.</p>
<p>Read more: <a href="https://crypto.news/chainlink-tokenizes-11b-arizona-copper-gold-mine/" rel="noopener noreferrer nofollow"> Chainlink Is Now the Backbone of an $11 Billion Arizona Mine Tokenization </a></p>

Crypto scam launderer gets 70 months as DOJ cracks down

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