Crypto social-engineering money wash: Evan Tangeman collect 70 months

Evan Tangeman, 22, wey dey Newport Beach, California, dem sentence am to 70 months for federal prison for money laundering wey join one crypto social-engineering scheme wey thief pass $263 million worth of Bitcoin. Tangeman plead guilty for December 2025 to RICO conspiracy and admit say e launder at least $3.5 million for the group. Court papers talk say the operation run from October 2023 through at least May 2025, dem expand through online connections and dem use social engineering to target victims. One major incident wey prosecutors mention na the theft of over 4,100 BTC from one victim for Washington, D.C., the haul value around $263 million at that time. Investigators say dem convert the stolen crypto to cash using aliases and dem route am through money launderers wey also target hardware crypto wallets. Newest reports add say agents seize luxury assets during search for Tangeman house, including one 2022 Rolls Royce Ghost and one Porsche GT3 RS, and say the group still buy multi-million-dollar houses for Los Angeles and Miami. U.S. Attorney Jeanine Ferris Pirro talk say funds dey used for high-end lifestyles, and prosecutors still highlight say dem try destroy evidence after co-conspirators dem arrest. For traders, this crypto social-engineering laundering case show say scam-linked theft networks still dey active target for enforcement. For short term, e fit affect risk sentiment about stolen-asset liquidity and scam-related flows, but e no likely to change Bitcoin fundamentals broadly by itself.