Evan Frederick Light, a 22-year-old Indiana man, has been sentenced to 20 years in federal prison for his involvement in a cyber intrusion that resulted in the theft of over $37 million in cryptocurrency from nearly 600 victims. The sentencing took place on February 6, 2025, in Sioux Falls, presided over by U.S. Chief Judge Roberto A. Lange. The scheme involved stealing personal identifiable information (PII) from an investment holdings company's servers and using it to access and exfiltrate cryptocurrency. Light funneled the stolen funds through various channels, including mixing services and gambling websites, to conceal his identity. The case was investigated by the FBI, with U.S. Attorney Alison J. Ramsdell emphasizing the severe financial and emotional impact on victims. Restitution for the victims is expected to exceed $37 million, with a hearing to determine the exact amount to be scheduled.