Former FBI Agent Admits to Stealing Approximately $2.47 Million in Cryptocurrency

On November 6, according to The Defiant, former U.S. Federal Bureau of Investigation (FBI) agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering charges. Prosecutors allege he used wallet credentials gathered during FBI investigations to steal approximately $2.47 million in cryptocurrency.

Prosecutors stated that Yaroch conducted about 100 fraudulent transfers using credentials linked to 35 separate investigations, with affected wallets including those of investigation targets, wallets controlled by hostile state actors, and at least one wallet created by the FBI for operations. The conduct also compromised multiple investigations and intelligence sources and methods. Yaroch is scheduled for sentencing on March 4, 2027, and faces up to 20 years in prison.

[TechFlow]