Bitcoin Thief Pleads Guilty to $240 Million Heist

A man has pleaded guilty to orchestrating a massive Bitcoin heist that resulted in losses of $240 million. The individual's lavish spending habits were revealed by the FBI, which stated that his purchases included a $2 million watch and over 30 cars.

The exact details of the heist are not specified in the source, but the scale of the loss is substantial. Bitcoin, as an asset class, has been vulnerable to hacking and theft due to its decentralized nature and lack of central control.