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
Litecoin Undergoes Deep Chain Reorg to Undo MWEB Privacy Layer Exploit
Gate News message, April 26 — Litecoin experienced a deep chain reorganization (reorg) on Saturday after attackers exploited a zero-day vulnerability in its MimbleWimble Extension Block (MWEB) privacy layer, according
GateNews32m ago
US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344 Million in USDT
Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country. The move follows Tether's decision on Thursday, April 24, to freeze $344 million w
GateNews32m ago
Two South Korean Army Officers Sentenced to 2 Years for Illegal Crypto Exchange Operations and Drug Money Laundering
Gate News message, April 26 — Two active-duty South Korean Army officers in their 30s from the Special Warfare Command were each sentenced to two years in prison and fined 54.69 million Korean won by Changwon District Court on April 26 for operating an unlicensed virtual asset exchange and
GateNews35m ago
Apecoin Insider Turns $174K Into $2.45M in One Day With 14x Trade on Both Sides of 80% Surge
An anonymous wallet with no prior trading history turned $174,000 worth of ether into $2.45 million by trading Apecoin on both sides of an 80% price surge in a single day.
Key Takeaways:
Wallet 0x0b8a converted $174,000 in ETH into a leveraged Apecoin long, exiting near the top for a $1.79M
Coinpedia1h ago
Hong Kong Police Dismantle Cross-Border Fraud Ring Targeting Overseas Students, Seizing HK$5M in Assets
Gate News message, April 26 — Hong Kong police have dismantled a cross-border fraud ring that targeted overseas Chinese students studying abroad, according to local media. The syndicate impersonated law enforcement officials and coerced victims into traveling to Hong Kong to purchase gold bars as "c
GateNews1h ago
Brazil Bans Kalshi, Polymarket Citing Investor Protection Concerns
Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The two leading prediction markets, Polymarket and Kalshi, were inaccessible to researchers based in the country following the ban.
Regulatory Framework and Scope
The
CryptoFrontier1h ago
