Bitcoin Thief Pleads Guilty to Orchestrating $240 Million Heist

A man has pleaded guilty to orchestrating a massive $240 million Bitcoin theft. The Colorado 23rd Judicial District Attorney's Office says the suspect used some of the stolen funds for lavish purchases, including over 30 cars and a $2 million watch.

The FBI investigated the case and found that the man had been posing as law enforcement or bail bondsmen to scam domestic violence victims into sending him money in exchange for releasing their alleged abusers from jail.