Man
Professional
- Messages
- 3,222
- Reaction score
- 813
- Points
- 113
The US Department of Justice told how a student robbed the crypto wallets of several hundred people.
21-year-old Indiana resident Evan Frederick Light pleaded guilty to stealing $37.7 million worth of cryptocurrency from 571 victims in a cyberattack in 2022. According to the US Department of Justice, the theft was committed from an unnamed investment company from South Dakota.
According to the investigation documents, Light, along with unknown accomplices, used the PII information of one of the company's customers to access the servers. Then, using the vulnerability, the criminals penetrated deep into the corporate network. After gaining access, the attackers stole customers' personal data, which was used to steal cryptocurrency. In total, $37,704,560 worth of cryptocurrencies were stolen.
To hide their tracks and their own identity, Light and his accomplices transferred stolen assets through various crypto mixers and gambling sites. Nevertheless, the FBI managed to track Light's actions and detain him. In May 2023, the fraudster was charged. At first, Light denied his guilt, but now he admitted his participation in the crime.
Light faces up to 20 years in prison on each count, as well as 3 years of supervision and the obligation to compensate the victims. The question of the return of the stolen funds remains open, as the authorities have not yet announced the confiscation of assets belonging to Light.
In September, the FBI said that in 2023, losses due to cryptocurrency thefts reached a record high of $5.6 billion, while a new record for losses has been recorded every year since 2019. To ensure the security of your cryptocurrency assets, experts recommend using cold wallets to store funds offline, enable multi-factor authentication, and limit the exchange of sensitive information online.
Source
21-year-old Indiana resident Evan Frederick Light pleaded guilty to stealing $37.7 million worth of cryptocurrency from 571 victims in a cyberattack in 2022. According to the US Department of Justice, the theft was committed from an unnamed investment company from South Dakota.
According to the investigation documents, Light, along with unknown accomplices, used the PII information of one of the company's customers to access the servers. Then, using the vulnerability, the criminals penetrated deep into the corporate network. After gaining access, the attackers stole customers' personal data, which was used to steal cryptocurrency. In total, $37,704,560 worth of cryptocurrencies were stolen.
To hide their tracks and their own identity, Light and his accomplices transferred stolen assets through various crypto mixers and gambling sites. Nevertheless, the FBI managed to track Light's actions and detain him. In May 2023, the fraudster was charged. At first, Light denied his guilt, but now he admitted his participation in the crime.
Light faces up to 20 years in prison on each count, as well as 3 years of supervision and the obligation to compensate the victims. The question of the return of the stolen funds remains open, as the authorities have not yet announced the confiscation of assets belonging to Light.
In September, the FBI said that in 2023, losses due to cryptocurrency thefts reached a record high of $5.6 billion, while a new record for losses has been recorded every year since 2019. To ensure the security of your cryptocurrency assets, experts recommend using cold wallets to store funds offline, enable multi-factor authentication, and limit the exchange of sensitive information online.
Source
