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Crypto

Ex-FBI Agent Charged With Stealing Nearly $1 Million in Cryptocurrency

Guavy AI Editorial Team
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A former FBI supervisory special agent, Patrick Steven Yaroch, has been charged with using cryptocurrency seed phrases obtained through FBI investigations to access digital wallets and transfer funds.

The alleged scheme occurred while Yaroch was working at the FBI's Counterintelligence and Espionage Division in Washington D.C. after previously serving in the Boston Field Office.

Prosecutors claim that Yaroch memorized recovery phrases, created a personal wallet, and carried out approximately 10 to 12 cryptocurrency transfers between late 2024 or early 2025.

The recovered cryptocurrency, approximately $925,426, was linked to accounts on Kraken, Slush, and the Suilend protocol. However, prosecutors state that this figure does not represent the total amount allegedly taken.

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