PANews April 26 news, according to Cointelegraph report, the U.S. Department of Justice has sentenced a major cryptocurrency fraud case, 22-year-old California man Evan Tangeman was sentenced to 70 months in prison for participating in a large criminal gang involved in a case with an amount of 263 million dollars, plus three years of supervised release.

This gang stole users' cryptocurrency assets through social engineering fraud and burglary, wildly spending the stolen money on luxury cars, luxury watches, real estate, and high-end consumption. The defendant admitted to assisting in laundering at least 3.5 million dollars and had destroyed evidence after his accomplices were arrested, a serious offense.

Data shows that in the first quarter of 2026, global losses from cryptocurrency fraud and hacking reached 482 million dollars, with social engineering attacks and violent property crimes targeting cryptocurrency holders continuing to occur frequently. Many countries have intensified criminal crackdown and prevention measures.

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