Gate News message, April 26 — Evan Tangeman, a 22-year-old resident of California, was sentenced to 70 months in prison on Friday for his involvement in a cryptocurrency theft scheme that defrauded victims of approximately $263 million through social engineering and burglary, according to the U.S. Department of Justice (DOJ).
Tangeman pleaded guilty to the charges in December 2025 and admitted to assisting criminal organization members in laundering at least $3.5 million in illegal funds. In addition to imprisonment, he was sentenced to three years of supervised release.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
California man Marlon Ferro was sentenced to 78 months for stealing cold wallets worth $250 million
According to an official statement released by the U.S. Department of Justice (DOJ) on May 7, 20-year-old California man Marlon Ferro was sentenced by a federal court to 78 months in prison for his involvement in a nationwide crypto asset social engineering scam, along with 3 years of supervised release and $2.5 million in restitution. The DOJ statement said the criminal group stole more than $250 million worth of crypto assets from multiple victims.
MarketWhisper51m ago
Bittrex seeks to withdraw the 2023 settlement, asking the U.S. SEC to refund a $24 million fine
According to Decrypt reports and related court documents, the now-closed crypto exchange Bittrex filed a motion to dismiss this week in the U.S. Federal Court in Seattle, seeking to overturn its 2023 settlement with the U.S. Securities and Exchange Commission (SEC) and requesting that the SEC refund the $24 million civil penalty it has already paid.
MarketWhisper1h ago
Aave liquidates the Kelp DAO attacker’s positions, and the Arbitrum vote approves unfreezing rsETH
According to Aave’s May 7 announcement, the Arbitrum DAO voting to unlock ETH related to the April 18 rsETH incident has reached the quorum, with over 1,600 addresses, receiving unanimous support from the community. On the same day, Aave, following its established governance procedures, completed the liquidation of the remaining rsETH positions in the Aave protocol held by the attacker of Kelp DAO.
MarketWhisper1h ago
Bittrex Seeks to Void $24M SEC Settlement and Demand Full Refund This Week
According to Decrypt, Bittrex filed a motion this week to void its $24 million settlement with the SEC from 2023 and demand a full refund. Bittrex's lawyers argued that the SEC admitted its legal theory classifying the crypto tokens as unregistered securities was flawed, and the Trump
GateNews1h ago
CFTC Chair Selig Seeks to Codify Rules Protecting Non-Custodial Crypto Wallet Developers
At Consensus Miami, CFTC Chair Michael Selig said the agency plans to formalize guidance on when crypto software developers must register as brokers. In March, the CFTC issued a no-action letter stating it would not pursue enforcement against wallet provider Phantom for failing to register. Selig ai
GateNews7h ago
North Korea Terrorism Victims File $71M Claim Against Aave Hackers, Reframe Attack as Fraud
Attorneys for victims of three North Korea terrorism cases filed a 30-page response on Tuesday, reframing the April 18 Aave hack as fraud rather than theft — a legal distinction that could grant the attackers legal title to the borrowed crypto. The victims are seeking to recover approximately $71 mi
GateNews16h ago
