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California man sentenced to 70 months for laundering $3.5 million in crypto heist

  • What: A man was sentenced for laundering $3.5 million from a cryptocurrency heist
  • Impact: The theft involved over $230 million in cryptocurrency
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Threat Intelligence California man sentenced to 70 months for laundering $3.5 million in crypto heist April 28, 2026 Share By SC Staff Bleeping Computer reports that Evan Tangeman, a 22-year-old from Newport Beach, California, has been sentenced to 70 months in prison for his role in laundering at least $3.5 million stolen in a massive $230 million cryptocurrency heist. Tangeman, also known by aliases such as "E" and "Tate," assisted suspects behind the cryptocurrency theft between October 2023 and May 2025. The larger heist, involving over $230 million in cryptocurrency, was carried out by 14 suspects. Two individuals, Malone Lam and Jeandiel Serrano, were arrested in September 2024 for allegedly stealing over 4,100 Bitcoin from a Washington, D.C. victim. The attackers reportedly used spoofed phone numbers and impersonated customer support from Google and Gemini to trick the victim into resetting their two-factor authentication and granting remote access. The stolen funds were then laundered using a combination of crypto mixers, exchanges, and techniques like "peel chains" and pass-through wallets. Tangeman pleaded guilty in December 2025 to laundering stolen funds for a criminal organization as part of a RICO conspiracy. He was also ordered to serve three years of supervised release. Another individual, Kunal Mehta, has also pleaded guilty to laundering at least $25 million and is awaiting sentencing. Source: Bleeping Computer SC Staff Related Data Security Italy moves to extradite Chinese national to U.S. over alleged COVID-19 research hacks SC Staff April 28, 2026 According to Security Affairs, Italy is preparing to extradite Xu Zewei, a Chinese national arrested in 2025, to the United States to face charges of cyber-espionage. Threat Intelligence More covert ClickFix variant targeting Windows detailed SC Staff April 28, 2026 HackRead reports that Windows systems have been subjected to a novel ClickFix attack campaign that leverages fraudulent CAPTCHA pages in the lead up to illicit command execution. Government security Chinese spear-phishing campaign targets NASA employees SC Staff April 28, 2026 NASA had its employees and research collaborators reported by its Office of Inspector General to have been subjected to a Chinese spear-phishing campaign aimed at procuring the agency's sensitive data, The Hacker News reports. Related Events Cybercast Better Threat Intelligence Between Public and Private Sectors On-Demand Event Virtual Conference Nationwide Cybersecurity Summit 2025: Safeguarding America’s Digital Future On-Demand Event Virtual Conference Securing the Future of Finance: Strategies to Counter Modern Cyber Threats On-Demand Event Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Deauthentication Attack Defacement Disruption Distributed Scans Domain Hijacking Dumpster Diving Fault Line Attacks Google Hacking Hybrid Attack Password Cracking You can skip this ad in 5 seconds

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