Eighth-grade dropout pleads guilty to $245M Bitcoin theft, lavish spending spree
A man admitted to stealing $245 million in Bitcoin — one of the largest U.S. crypto thefts — then splurged on luxury cars, mansion rentals and a $2 million watch before his arrest.
A man who dropped out of school in the eighth grade pleaded guilty Tuesday to stealing $245 million in Bitcoin, one of the biggest cryptocurrency thefts in U.S. history. He then spent the stolen fortune on custom Porsches, Lamborghinis, Ferraris, mansion rentals and a $2 million watch.