The U.S. Attorney’s Office announced in a statement that Evan Light, an Indiana man, pleaded guilty on Monday to charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, for stealing over $37 million in cryptocurrency from nearly 600 victims.

According to court documents, Light was involved in a cyber intrusion in February 2022 that targeted an investment holding company in Sioux Falls, South Dakota. The documents allege that Light stole personal information and subsequently pilfered the assets of hundreds of victims.

The statement said, "Under Light’s control, the stolen cryptocurrency was subsequently transferred around the world, including through multiple cryptocurrency mixing services and gambling websites, in an effort to disguise his identity and conceal the virtual currency."