Indiana Man Sentenced to 20 Years in Federal Prison for Conspiracies Involving Cyber Intrusion and a Massive $37 Million Cryptocurrency Theft

A federal press release reports that Evan Frederick Light pled guilty to conspiring to commit wire fraud and launder monetary instruments after a February 2022 intrusion of an investment holdings company. From his home, Light accessed a client identity to breach the firm’s servers, exfiltrated PII for nearly 600 victims, and stole about $37 million in cryptocurrency, which he funneled through mixing services and gambling sites; he was sentenced to 20 years in prison and will owe restitution.