California man admits role in $263 million cryptocurrency theft that funded lavish lifestyle

A 22-year-old from Newport Beach, California has pleaded guilty to his role in a sophisticated criminal network that stole approximately US $263 million in cryptocurrency from victims.

Evan Tangeman is the ninth defendant to plead guilty in connection with what prosecutors have described as a highly-organised criminal enterprise, dubbed the “Social Engineering Enterprise” (SE Enterprise).

The criminal network was reportedly formed through connections made on online gaming platforms, with what