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Former FBI agent admits stealing roughly $2.47 million in cryptocurrency, faces up to 20 years in prison.

2 days ago

According to a U.S. Department of Justice (DOJ) announcement, former FBI special agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering charges. Using his official access, he obtained cryptocurrency credentials gathered during FBI investigations, executed roughly 100 fraudulent transfers tied to 35 separate investigations, and illegally earned approximately $2.4744 million. Court documents show the assets stolen by Yaroch originated from wallets controlled by investigation subjects, adversarial nation-state actors, and at least one wallet the FBI created for operations. He concealed the funds’ origins by converting currencies and making multiple transfers, and used a portion of the proceeds to pay personal debts. The DOJ stated his actions compromised multiple investigations and related intelligence sources and methods. Sentencing is scheduled for March 4, 2027, and he faces up to 20 years in prison.

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An address suspected to be linked to the UXLink hacker has opened a $45.3 million ETH long position on Hyperliquid.

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Morgan Stanley: U.S. stock market pullback is nearing its end, and it may be building momentum for a year-end rebound.

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