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FBI Agent Confesses to Stealing $2.5 Million in Cryptocurrency from Investigations
Patrick Steven Yaroch, an FBI agent, pleaded guilty to draining cryptocurrency wallets linked to 35 different investigations. He used FBI credentials to carry out approximately 100 fraudulent transfers, stealing $2.47 million, and then consulted ChatGPT to plan an escape to Portugal. The case illustrates an important risk: even in security institutions, access to digital funds without proper custody creates opportunities for embezzlement. It also reinforces why self-custody and private key security are fundamental — no one but the owner should have access to the funds. This is a reminder that security in cryptocurrency depends not only on technology, but also on processes and institutional integrity. https://cryptoslate.com/fbi-agent-drains-crypto-wallets-tied-to-35-investigat… https://decrypt.co/382695/former-fbi-agent-pleads-guilty-to-stealing-2-5m-in-…