FBI Agent Fired After Alleged $1M Crypto Heist

A former FBI agent has been accused of stealing nearly $1 million in cryptocurrency from accounts the FBI was monitoring. Patrick Yaroch, who worked for the agency, allegedly stole the funds due to frustration over the government's lack of action on the misuse of cryptocurrency accounts.

Court documents show that Yaroch confessed when federal agents questioned him about the alleged theft.

The FBI fired Yaroch and authorities arrested him last week. The agency has stated that it holds its employees to the highest ethical standards and is conducting a thorough investigation into the matter.