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Hacker Pleads Guilty to $37 Million Crypto Theft

  • Evan Frederick Light, a hacker, has pleaded guilty to stealing $37 million worth of cryptocurrency.
  • Light unlawfully accessed an investment firm's computer servers and stole customer information to take cryptocurrencies from clients.
  • He attempted to cover his tracks by funneling the stolen money through crypto mixers and gambling websites.
  • The FBI reported a significant increase in cryptocurrency fraud cases, with Americans losing $5.6 billion in 2023.

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