Crypto Hacker Pleads Guilty to Stealing $37 Million, Faces 20 Years in Prison

Evan Frederick Light, a notorious crypto hacker, has admitted guilt in a high-profile case involving the theft of $37 million in cryptocurrency. Light pleaded guilty to charges of conspiracy to commit wire fraud and money laundering, facing a maximum sentence of 20 years in prison for each charge. The charges stem from Light’s involvement in a sophisticated cyber intrusion scheme targeting cryptocurrency exchanges and individual wallets. Authorities allege that Light and his accomplices used advanced hacking techniques to infiltrate systems, steal digital assets, and launder the proceeds through various complex transactions.