California man pleads guilty to $263 million bitcoin theft via social engineering
Evan Tangman, a 22-year-old from California, admitted involvement in a criminal group that stole approximately 4,100 bitcoins valued at around $263 million using social engineering tactics. He is the ninth individual to reach a plea agreement with prosecutors.
Source The US Department of Justice
The scheme involved gaining access to databases, impersonating security experts in calls to victims, and taking control of their crypto holdings, which the group then spent on a lavish lifestyle.
Following Tangman’s guilty plea, authorities arrested three more suspects connected to the operation, as the investigation continues to bring all responsible parties to justice.
