Hacker Pleads Guilty to Stealing $37M in Cryptocurrency
Evan Frederick Light from Indiana has pleaded guilty to cyber hacking, during which he stole more than $37 million in cryptocurrency from 600 victims. The U.S. Department of Justice stated that Light illegally accessed the servers of an investment company, stole client data, and used it to steal digital assets.
To cover his tracks, he laundered the funds through cryptocurrency mixers and gambling sites. Light faces up to 20 years in prison for each charge. The crimes were committed from 2021 to May 2023, and Light acted with an unidentified accomplice.
The DOJ noted that it will continue to actively combat cybercrimes despite their complexity.