US cybercriminal pleads guilty to wire fraud and money laundering charges, stealing over $37 million in cryptocurrency

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ChainCatcher reported that the U.S. Attorney's Office said in a statement that Indiana man Evan Light pleaded guilty on Monday to charges of conspiracy to commit wire fraud and conspiracy to launder money, and stole more than $37 million worth of cryptocurrency from nearly 600 victims.

Court documents show that in February 2022, Light was involved in a cyber intrusion involving an investment holding company based in Sioux Falls, South Dakota. The documents also state that Light is accused of stealing personal information and then stealing assets from hundreds of victims.

"Under Light's control, the stolen cryptocurrency was then transferred to multiple locations around the world, including multiple mixing services and gambling sites, in order to conceal his identity and hide the virtual currency," the statement said.

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