A California man was sentenced to more than five years in prison for his role in supporting a cybercriminal organization that stole about $260 million worth of cryptocurrency from victims.

Evan Tangeman, 22, was given a 70-month sentence last week after pleading guilty in December to RICO conspiracy charges. In his plea agreement, Tangeman admitted that he purchased homes and laundered stolen cryptocurrency on behalf of a cybercriminal organization dedicated to identifying and robbing high-value crypto owners.

Tangeman said he personally was involved in laundering at least $3.5 million, and prosecutors said he was a key figure in a group law enforcement called the Social Engineering Enterprise.

He rented and purchased lavish homes…