Former FBI Agent Accused of Stealing $1M in Crypto and Using ChatGPT to Plan Investments
TL;DR:
- Patrick Steven Yaroch, a former FBI agent, was charged with the alleged theft of $1 million in cryptocurrency from official systems.
- The accused memorized recovery phrases tied to investigations against a foreign adversary to transfer funds into personal wallets.
- Digital evidence reveals the use of ChatGPT to plan investments and seek residency in European Union countries.
Allegedly, a former FBI agent stole $1 million in cryptocurrency from a digital wallet under the federal agency’s custody. The information was drawn from court documents filed in a United States Court.
Patrick Steven Yaroch was charged last Friday with interstate transportation of stolen goods and receipt of stolen goods. Department of Justice prosecutors detailed that the thefts took place between early 2025 and July 2026, a period during which the official worked within the FBI’s Counterintelligence and Espionage Division with Top Secret security clearances.
According to court filings, Yaroch accessed internal agency systems to retrieve recovery phrases for cryptocurrency wallets seized in investigations targeting an unnamed foreign adversary. Subsequently, the accused proceeded to memorize the key phrases, create personal wallets, and execute roughly ten unauthorized transfers into accounts under his control.
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