According to the US Justice Department, Tangeman’s plea reveals details of a theft and laundering network that stole thousands of Bitcoin using coordinated hacking and burglary methods.
Evan Tangeman, 22, admitted to laundering more than $3.5 million in connection with a $263 million Bitcoin theft scheme that lasted from October 2023 to May 2025, the US Justice Department stated. The criminal group stole about 4,100 BTC through coordinated social engineering attacks, hacking, identifying targets, and physical burglary of hardware wallets. Tangeman’s sentencing is set for April 24, 2026.