Indiana Man Pleads Guilty to Conspiracies Involving Cyber Intrusion and $37 Million Cryptocurrency Theft

Oct. 2, 2024 - Department of Justice

“Cyber-intrusions pose a serious threat to both individuals and businesses, and we are dedicated to protecting the public from these sophisticated attacks. During the cyber-intrusion, Light stole customer personal identifiable information (“PII”) and then stole cryptocurrency worth over $37 million from nearly 600 victims.

Specifically, during the cyber intrusion, Light accessed the identity of a real client of the investment holdings company and unlawfully utilized that identity to infiltrate the investment holdings company’s computer servers. Light’s conduct adversely affected victims all over the world, including South Dakota.

As a result of his conduct, the total loss was approximately $37 million...