22-year-old sentenced to 70 months for money laundering tied to $263 million crypto syndicate
The Block
Evan Tangeman was sentenced to 70 months in prison for laundering $3.5 million from a $263 million cryptocurrency theft syndicate.Summary
Evan Tangeman, 22, has been sentenced to 70 months in federal prison for his role in laundering proceeds for a multi-state cryptocurrency theft ring. Tangeman admitted to converting $3.5 million in stolen assets into cash and assisting co-conspirators in leasing luxury properties. The criminal enterprise, which operated through online gaming networks, successfully stole approximately $263 million, including a single theft of 4,100 BTC. Investigations involving the FBI and IRS are ongoing as further defendants face charges for their participation in the scheme.
(Source：The Block)