Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

California Man Sentenced to 70 Months for $263M Crypto Fraud Scheme

GateNews
Enforcement Actions

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.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

04-26 00:37
CEX Exploiter Converts 21,000 ETH Worth $48.72M to Bitcoin Over Three Days
04-25 23:17
Tennessee Bans Crypto ATMs Statewide, Becoming Second U.S. State to Impose Full Prohibition
04-25 17:11
Hong Kong Police Warn of Surge in Crypto Scams; Two Women Lose $1.24M in Recent Weeks
04-25 08:52
22-Year-Old California Crypto Launderer Sentenced to 70 Months for $263M Fraud Scheme
04-25 02:42
California Man Sentenced to 70 Months for Money Laundering in $263M Crypto Theft Scheme
In-Depth Analysis

North Korean IT Workers Laptop Farm Scam: US Co-Conspirator Sentenced to 7–9 Years, Netting $2.8 Billion Over Two Years

ChainNewsAbmedia04-25 17:43

US Offers $10M Reward as DOJ Restrains Over $700M in Crypto From Scam Centers Targeting Americans

Coinpedia04-25 01:14

Sun Yuchen sues Trump’s family World Liberty Financial: alleges it froze $1 billion in tokens, applying pressure to inject USD1

ChainNewsAbmedia04-24 15:34
Comment
0/400
No comments