Crypto: Ex-FBI agent dipped into at least 79 wallets linked to investigations
After pleading guilty, ex-FBI agent Patrick Yaroch agrees to pay at least $2.4 million in restitution for crypto thefts.
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According to the clauses of the agreement reported by the press, the defendant also accepts a confiscation measure of at least $2.4 million. It targets in particular SUI and USDC seized on July 31, as well as assets held at TD Bank, Charles Schwab and on the Kraken and BloFin platforms. The former agent admitted that part of the proceeds from the flights were no longer available.
The agreement extends to possible income from books, films, articles or interviews relating to the case or his work at the FBI. Patrick Yaroch undertakes to repay these sums to the American government and to submit the content concerned to the FBI before publication.
He used access data stored in FBI systems to embezzle funds related to 35 investigations. Most of the wallets belonged to people targeted by these investigations. The documents also mention portfolios controlled by two foreign states considered adversaries, without naming them.
However, at least ten transfers targeted wallets belonging to crime victims. Yaroch also took funds from at least one wallet that the FBI had funded for an operation. The amounts embezzled ranged from 81 cents to more than $580,000 per transfer.
The former agent pleaded guilty to wire fraud and money laundering. Sentencing is set for March 4.
With a background in literature and languages, I like to combine rigorous analysis with a taste for ideas to decipher the major economic and (geo)political issues linked to cryptocurrencies. Since 2021, I have been writing for Journal du Coin where I focus on subjects such as Bitcoin, MNBC, the tokenization of RWA and more broadly the strategic mutations of Web3. A passionate reader, curious about the world and the power relationships that structure it, I strive to make these themes accessible to all, with particular attention to projects designed for the general public.
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- Journal du Coin9 Nov, 14:00Crypto: Ex-FBI agent dipped into at least 79 wallets linked to investigations ↗Figures: 2.4 millions
| Publisher Journal du Coin (general tier) | +72 |
| Checkable figures cited | +3 |
| Total | 75 |
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