Cyber criminal pleads guilty to crypto theft worth over $37 million
Quick Take An Indiana man pleaded guilty to “cyber intrusion” and stealing cryptocurrency worth over $37 million from nearly 600 victims, according to the U.S. Attorney’s Office. “The stolen cryptocurrency … was then funneled to various locations throughout the world, including multiple mixing services and gambling websites.”
An Indiana man has pleaded guilty to both "cyber intrusion" and stealing cryptocurrency worth over $37 million from nearly 600 victims, according to the U.S. Attorney's Office.
Twenty-one-year-old Evan Light of Lebanon, Indiana, pleaded guilty on Monday to charges of conspiracy to commit wire fraud and conspiracy to launder monetary instruments, according to a statement .
In February 2022, Light "was involved in a cyber-intrusion involving an investment holdings company located in Sioux Falls, South Dakota," according to court documents. Light was charged with stealing personal information and then robbing hundreds of victims, the documents also said.
Light was aided by "one or more unidentified" people, according to the statement. The Federal Bureau of Investigation was responsible for the investigation.
"The stolen cryptocurrency, under Light’s control, was then funneled to various locations throughout the world, including multiple mixing services and gambling websites to conceal his identity and to hide the virtual currency," according to the statement.
Light could face a maximum penalty of up to 20 years in custody for each count he pleaded guilty to.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rothschild Bearish on New AI Cloud Giants, "The Big Short" Warns of $3 Trillion Off-Balance-Sheet Commitments
Rothschild’s research institute Rothschild has for the first time initiated coverage on CoreWeave and Nebius, assigning both a "sell" rating: stating that Nebius’s stock price already reflects the most optimistic outcomes in the ongoing revaluation of the compute economy, while CoreWeave’s risk-reward profile remains unappealing. "Big short" Burry estimates that the total scale of AI leading companies' leasing commitments, purchases, and guarantees has exceeded $3 trillion.
Australian Dollar holds its nerve as Fed hawks meet RBA hike bets
Crypto prices
More
