Crypto Scammers' Spending Spree After $240 Million Bitcoin Theft

A $240 million bitcoin theft has led to a crackdown on crypto scammers who went on a spending spree.

The Justice Department charged Malone Lam and his co-defendants with duping a stranger out of the large sum, which they tried to launder through a sophisticated scheme.

The indictment includes photos of the accused individuals, including Lam, Hamza Doost, and Kunal Mehta. The case marks one of the largest cryptocurrency thefts in U.S. history.