Man pleads guilty to stealing $37 million in crypto from 571 victims

A 21-year-old named Evan Frederick Light admitted to a 2022 intrusion of an investment holdings company that resulted in the theft of $37,704,560 in cryptocurrency from 571 victims. Attackers used stolen client identities and exploited server vulnerabilities to exfiltrate PII and steal virtual assets, then funneled proceeds through coin-mixing services and gambling websites to obscure the trail; Light has been tracked by the FBI, indicted, and pleaded guilty.