OP 02 October, 2024 - 01:46 PM
(This post was last modified: 02 October, 2024 - 01:47 PM by sehays. Edited 1 time in total.)
A hacker who accessed company servers and stole more than $37 million in cryptocurrency from nearly 600 victims has pleaded guilty to conspiracy to commit wire fraud and money laundering.
The perpetrator, Evan Frederick Light ( Evan Frederick Light ) from Indiana, USA, hacked into the computer servers of an investment company to illegally access client information and used this to steal cryptocurrency from clients who held such assets in the company, the U.S. Department of Justice said. statement on October 1.
Light then funneled funds from the “cyber intrusion” through cryptocurrency mixers and gaming sites to conceal his identity and hide the funds.
Light pleaded guilty Sept. 30 - and faces up to 20 years in prison on each charge, in addition to three years of parole and a potential fine. Restitution and forfeiture of property is also a possibility.
The now-convicted felon was indicted in South Dakota on June 15, 2023. Light initially pleaded not guilty to the indictment.
In the complaint, the Justice Department said the crimes were committed between 2021 and May 2023, and Light was operating with at least one other unknown felon.
Related: Rising cryptocurrency-related crime in Australia prompts call for tighter regulation
The Department of Justice has stated loud and clear that it intends to catch every cybercriminal within its reach:
“While this defendant attempted to hide in the shadows of the cybercrime world, he was not out of our team's reach,” the Justice Department explained.
“Today's convictions should serve as a reminder that this Office and its law enforcement partners will hold cybercriminals accountable, no matter how sophisticated their crimes may be.”
The U.S. Federal Bureau of Investigation's Internet Crime Complaint Center reported that Americans lost $5.6 billion to cryptocurrency fraud in 2023 - a 45% increase from 2022. The FBI received about 69,000 cryptocurrency-related complaints in 2023, with people over the age of 60 being the most affected. More than 70% of cryptocurrency scams involved investment schemes, and 10% involved call center fraud and government impersonation scams.
source :
https://www.justice.gov/usao-sd/pr/india...37-million
https://www.justice.gov/usao-sd/pr/india...nspiracies
The perpetrator, Evan Frederick Light ( Evan Frederick Light ) from Indiana, USA, hacked into the computer servers of an investment company to illegally access client information and used this to steal cryptocurrency from clients who held such assets in the company, the U.S. Department of Justice said. statement on October 1.
Light then funneled funds from the “cyber intrusion” through cryptocurrency mixers and gaming sites to conceal his identity and hide the funds.
Light pleaded guilty Sept. 30 - and faces up to 20 years in prison on each charge, in addition to three years of parole and a potential fine. Restitution and forfeiture of property is also a possibility.
The now-convicted felon was indicted in South Dakota on June 15, 2023. Light initially pleaded not guilty to the indictment.
In the complaint, the Justice Department said the crimes were committed between 2021 and May 2023, and Light was operating with at least one other unknown felon.
Related: Rising cryptocurrency-related crime in Australia prompts call for tighter regulation
The Department of Justice has stated loud and clear that it intends to catch every cybercriminal within its reach:
“While this defendant attempted to hide in the shadows of the cybercrime world, he was not out of our team's reach,” the Justice Department explained.
“Today's convictions should serve as a reminder that this Office and its law enforcement partners will hold cybercriminals accountable, no matter how sophisticated their crimes may be.”
The U.S. Federal Bureau of Investigation's Internet Crime Complaint Center reported that Americans lost $5.6 billion to cryptocurrency fraud in 2023 - a 45% increase from 2022. The FBI received about 69,000 cryptocurrency-related complaints in 2023, with people over the age of 60 being the most affected. More than 70% of cryptocurrency scams involved investment schemes, and 10% involved call center fraud and government impersonation scams.
source :
https://www.justice.gov/usao-sd/pr/india...37-million
https://www.justice.gov/usao-sd/pr/india...nspiracies
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