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Former FBI Agent Admits to Cryptocurrency Theft
A former FBI counterintelligence agent, Patrick Steven Yaroch, 37, admitted to wire fraud and money laundering in stealing almost $2.5 million in cryptocurrency from unidentified adversarial nations and wallets under investigation. Yaroch used his investigative positions to steal and launder the cryptocurrency through financial transactions, resulting in about $2.47 million in proceeds. He faces up to 20 years in prison and intends to use the proceeds to finance a new life in Portugal, where he plans to buy a vineyard. The theft involved about $1 million in digital assets, which was reported by Cointelegraph in August.