Former FBI Supervisor Pleads Guilty to Stealing $2.47 Million in Cryptocurrency
Summary
Former FBI supervisor Patrick Steven Yaroch pleaded guilty to stealing about $2.47 million from cryptocurrency wallets tied to 35 FBI investigations. He accessed seed phrases through FBI systems and made about 100 transfers, compromising multiple investigations.
Key points
- Yaroch pleaded guilty to wire fraud and money laundering on November 5.
- He used credentials to access FBI systems containing wallet seed phrases, then memorized the phrases to control the funds.
- Beginning no later than December 2024, he made about 100 transfers involving wallets tied to 35 investigations.
- He moved the cryptocurrency to a personal wallet, swapped assets, and made further transactions to conceal their origins.
- The DOJ said his actions compromised multiple investigations; he later confessed to a former colleague and turned himself in.
Article Details
- Victim Organization
- FBI
- Incident Type
- Insider theft of cryptocurrency through unauthorized access to FBI systems and wallet seed phrases
- Data Types Exposed
- Cryptocurrency wallet seed phrases
- Wallet credentials
- Affected Records
- Credentials tied to 35 FBI investigations; approximately 100 transfers
- Operational Impact
- The DOJ said multiple investigations were compromised. Approximately $2.47 million in cryptocurrency was stolen.
- Claim Status
- confirmed