According to Golden Finance, the U.S. Attorney's Office announced in a statement that Indiana resident Evan Light pleaded guilty on Monday to charges of conspiracy to commit wire fraud, conspiracy to commit money laundering, and stealing over $37 million in cryptocurrency from nearly 600 victims.

Court documents revealed that in February 2022, Light "participated in a cyber intrusion targeting an investment holding company in Sioux Falls, South Dakota." The documents also allege that Light stole personal information and subsequently used it to pilfer assets from hundreds of victims. According to the statement, Light received assistance from "one or more unnamed individuals." The FBI was responsible for conducting the investigation.

Light faces a maximum of 20 years in prison for each count he pleaded guilty to.