
An FBI agent confessed to stealing $1M in crypto from adversarial-nation accounts using FBI systems. He was fired and charged. The case fuels a push for a federal crypto theft task force.
An FBI agent allegedly stole about $1 million in cryptocurrency from accounts tied to an adversarial nation, using the bureau's own systems to access the keys, according to an affidavit filed Monday.
Patrick Steven Yaroch contacted a Department of Justice employee last week and admitted to making "very poor decisions related to cryptocurrency wallets," the filing said. Yaroch broke down as he told his story, driven by shame that was "eating him up inside." He made roughly 10 transfers starting in late 2024 or early 2025.
Yaroch said he learned of the accounts during an investigation in November 2024 and became frustrated that the FBI "could not or would not act against" them. He then accessed FBI systems to find the keys needed to move the funds to himself. The affidavit said Yaroch claims he never interacted with anyone connected to the accounts.
A search of Yaroch's iPhone turned up a series of queries submitted to ChatGPT. In one, he asked: "If you had a bucket of money (around $1 million) and you wanted to leave the USA and become a resident or citizen of an EU country, what would you do?"
Yaroch was fired from the FBI and charged with interstate transportation and receipt of stolen goods, securities and monies. The case raises uncomfortable questions about internal security at an agency tasked with investigating crypto crime. The FBI's Internet Crime Complaint Center said it received 181,565 crypto-related complaints last year reporting $11.4 billion in losses – losses that, in this case, came from inside the building.
Lawmakers have proposed a bill to create a Federal Cryptocurrency Theft Task Force within the Justice Department. "As digital assets shape the future of finance, this bill protects consumers and cracks down on thieves," Rep. Lance Gooden (R-Texas), a sponsor, said in a June news release when the legislation was proposed. The bill has not yet advanced to a floor vote.
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