TechFlow news, on February 8, the U.S. Attorney's Office announced that 22-year-old Evan Frederick Light from Lebanon, Indiana, was sentenced to 20 years in federal prison, followed by three years of supervised release, for conspiracy to commit wire fraud and conspiracy to commit money laundering.
In February 2022, Light hacked into an investment holding company based in Sioux Falls, South Dakota, stealing personal identification information of nearly 600 clients and misappropriating more than $37 million worth of cryptocurrency. In addition to his prison term, Light must pay a $200 special assessment to the Federal Crime Victims Fund and is ordered to pay restitution of no less than $37 million.
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