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

on November 6, according to The Defiant, former FBI agent Patrick Steven Yaroch pleaded guilty to wire fraud and money laundering charges on November 5. Prosecutors stated that he used wallet credentials collected during FBI investigations to steal approximately $2.47 million in cryptocurrency.

According to prosecutors, Yaroch used credentials associated with 35 separate investigations to execute roughly 100 fraudulent transfers. The affected wallets included those belonging to subjects of investigation, wallets controlled by hostile nation-state actors, and at least one wallet created by the FBI for operations. These actions also compromised multiple investigations as well as intelligence sources and methods.

Yaroch is scheduled for sentencing on March 4, 2027, facing a maximum penalty of 20 years in prison.