California Man Convicted by DOJ for $263 Million Cryptocurrency Theft
Guilty Plea in Crypto Money Laundering Case: Evan Tangeman, a 22-year-old from California, pleaded guilty to racketeering conspiracy charges related to a cybercrime group known as the "Social Engineering Enterprise," which laundered over $3.5 million in stolen cryptocurrency.
Operations and Structure of the Group: The SE Enterprise, which operated from October 2023 to May 2025, involved members from various states and had specialized roles, including hackers and impersonators, evolving from online gaming friendships into a structured criminal organization.
Significant Heist and Lavish Lifestyle: The group was responsible for stealing over 4,100 BTC, valued at $263 million at the time, funding a luxurious lifestyle that included extravagant expenses on nightclubs, designer goods, and exotic cars.
Legal Actions and Additional Defendants: The DOJ has charged the group under the RICO Act, with Tangeman's plea leading to a superseding indictment that includes three more defendants facing similar charges.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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