US Department of Justice Conducted Major Cryptocurrency Operation!

The U.S. Department of Justice (DOJ) has been charged with a large-scale fraud involving a person worth more than $37 million. cryptocurrency He announced that he accepted the charges regarding the theft.

US Authorities Caught a 21-Year-Old Person Who Stole a Total of $37 Million in Cryptocurrency

Evan Frederick Light, 21, of Lebanon, Indiana, appeared in federal court on September 30, 2024, where he pleaded guilty to charges of conspiracy to commit fraud and money laundering.

The charges stem from a cyberattack Light carried out in February 2022. Targeting an investment holding company in Sioux Falls, South Dakota, Light and his accomplices stole customers’ personally identifiable information (PII) and then siphoned cryptocurrency from nearly 600 victims, bringing the total theft to more than $37 million.

US Attorney Alison J. Ramsdell stated the importance of the conviction and said:

“These convictions reflect the relentless efforts of the U.S. Attorney’s Office and the FBI to identify a cybercriminal, hold him accountable, and prioritize the victims of his crimes. “Although this defendant tried to hide in the shadows of the cyber underworld, he was not out of our team’s reach.”

The charges carry harsh penalties of up to 20 years in prison, heavy fines and three years of probation for each count. Compensation to the victims may also be ordered by the court.

FBI Special Agent in Charge Alvin M. Winston Sr. of Minneapolis. Expressing the Ministry of Justice’s determination to combat cybercrime, he said:

“Cyber ​​attacks pose a serious threat to individuals and businesses alike, and we are committed to protecting the public from these sophisticated attacks. “The FBI will continue to work with our partners to ensure that those who exploit technology for financial gain are held accountable.”

*This is not investment advice.