The group spent tens of tens of millions of {dollars} on luxurious gadgets and actual property, utilizing funds stolen from crypto customers in social engineering scams.
Evan Tangeman, a 22-year-old resident of California, was sentenced on Friday to 70 months in jail for his function in a prison enterprise that stole about $263 million in cryptocurrencies from victims by means of social engineering scams and housebreaking.
Tangeman pleaded responsible to the costs in December 2025 and admitted to serving to members of the prison group launder at the least $3.5 million in illicit funds, based on the US Division of Justice’s (DOJ) announcement.
He additionally obtained three years of supervised launch along with his jail sentence for his function within the scheme, the DOJ stated.
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