A 22-year-old California man has pleaded guilty to laundering millions for a massive $263M crypto theft ring that began as a group of online gaming friends before evolving into a full-scale RICO syndicate targeting hardware-wallet holders and high-value crypto users.

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TL;DR "22-year-old California resident Evan Tangeman pleaded guilty to laundering $3.5 million for a social engineering scheme that stole $263 million worth of crypto. Tangeman assisted the scheme by using a bulk-cash converter to exchange the stolen crypto into cash, which was used to obtain rental homes. Tangeman is the ninth defendant to plead guilty in the investigation."

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A 22-year-old California man has pleaded guilty to laundering millions for a massive $263M crypto theft ring that began as a group of online gaming friends before evolving into a full-scale RICO syndicate targeting hardware-wallet holders and high-value crypto users.

More coverage

Explore the topic

More on Theft

BitMEX faces a proposed class-action lawsuit alleging theft and insider trading, with claims the exchange retained customer collateral and misused private user data

Kaspersky exposes active OkoBot malware targeting hundreds across 25+ countries with crypto wallet and seed phrase theft

Security researcher Vladimir S. details how organized crypto hacking gangs exploit email, malware, fake support, and wallet approvals to steal millions through scalable social engineering

⚠️ Anthropic Uncovers Massive Illicit Distillation Campaigns by Chinese AI Labs Using Millions of Fraudulent Claude Queries, Calls for Coordinated Global Action to Stop Capability Theft and Safety Erosion.

North Korea is now using banned NVIDIA GPUs to supercharge AI-driven crypto theft. Deepfakes, tracking, and automated attacks mean hacks are scaling fast — November alone saw $172M lost.

Up to 20% of crypto firms may unknowingly employ North Korean operatives, with nearly 40% of job applications linked to DPRK infiltration. Experts warn these embedded workers fuel billions in crypto theft for nuclear programs.

BitMEX faces a proposed class-action lawsuit alleging theft and insider trading, with claims the exchange retained customer collateral and misused private user data

Kaspersky exposes active OkoBot malware targeting hundreds across 25+ countries with crypto wallet and seed phrase theft

Security researcher Vladimir S. details how organized crypto hacking gangs exploit email, malware, fake support, and wallet approvals to steal millions through scalable social engineering

⚠️ Anthropic Uncovers Massive Illicit Distillation Campaigns by Chinese AI Labs Using Millions of Fraudulent Claude Queries, Calls for Coordinated Global Action to Stop Capability Theft and Safety Erosion.

North Korea is now using banned NVIDIA GPUs to supercharge AI-driven crypto theft. Deepfakes, tracking, and automated attacks mean hacks are scaling fast — November alone saw $172M lost.

Up to 20% of crypto firms may unknowingly employ North Korean operatives, with nearly 40% of job applications linked to DPRK infiltration. Experts warn these embedded workers fuel billions in crypto theft for nuclear programs.

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A 22-year-old California man has pleaded guilty to laundering millions for a massive $263M crypto theft ring that began as a group of online gaming friends before evolving into a full-scale RICO syndicate targeting hardware-wallet holders and high-value crypto users.

More coverage

Explore the topic

More on Theft

BitMEX faces a proposed class-action lawsuit alleging theft and insider trading, with claims the exchange retained customer collateral and misused private user data

Kaspersky exposes active OkoBot malware targeting hundreds across 25+ countries with crypto wallet and seed phrase theft

Security researcher Vladimir S. details how organized crypto hacking gangs exploit email, malware, fake support, and wallet approvals to steal millions through scalable social engineering

⚠️ Anthropic Uncovers Massive Illicit Distillation Campaigns by Chinese AI Labs Using Millions of Fraudulent Claude Queries, Calls for Coordinated Global Action to Stop Capability Theft and Safety Erosion.

North Korea is now using banned NVIDIA GPUs to supercharge AI-driven crypto theft. Deepfakes, tracking, and automated attacks mean hacks are scaling fast — November alone saw $172M lost.

Up to 20% of crypto firms may unknowingly employ North Korean operatives, with nearly 40% of job applications linked to DPRK infiltration. Experts warn these embedded workers fuel billions in crypto theft for nuclear programs.

BitMEX faces a proposed class-action lawsuit alleging theft and insider trading, with claims the exchange retained customer collateral and misused private user data

Kaspersky exposes active OkoBot malware targeting hundreds across 25+ countries with crypto wallet and seed phrase theft

Security researcher Vladimir S. details how organized crypto hacking gangs exploit email, malware, fake support, and wallet approvals to steal millions through scalable social engineering

⚠️ Anthropic Uncovers Massive Illicit Distillation Campaigns by Chinese AI Labs Using Millions of Fraudulent Claude Queries, Calls for Coordinated Global Action to Stop Capability Theft and Safety Erosion.

North Korea is now using banned NVIDIA GPUs to supercharge AI-driven crypto theft. Deepfakes, tracking, and automated attacks mean hacks are scaling fast — November alone saw $172M lost.

Up to 20% of crypto firms may unknowingly employ North Korean operatives, with nearly 40% of job applications linked to DPRK infiltration. Experts warn these embedded workers fuel billions in crypto theft for nuclear programs.

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