Overview
- Tangeman, 22, was sentenced in Washington, D.C., on Friday to 70 months in prison, with three years of supervised release ordered by Judge Colleen Kollar-Kotelly.
- Prosecutors said he laundered at least US$3.5 million for the network and later told another member to destroy digital evidence after co-conspirators were arrested.
- The enterprise stole more than US$263 million by social-engineering victims, hacking databases, making fraudulent calls, and burglarizing homes to steal hardware crypto wallets.
- Investigators say the group formed on online gaming platforms and operated from October 2023 through May 2025 across multiple U.S. states and abroad.
- Several co-defendants have pleaded guilty or agreed to cooperate, the alleged leader Malone Lam remains charged but not convicted, and the U.S. Attorney’s Office in D.C., the FBI Washington Field Office, and IRS-CI continue related cases and asset seizures.