Tennessee Man Pleads Guilty to $240 Million Bitcoin Heist

A Tennessee man has pleaded guilty to orchestrating a massive Bitcoin theft worth $240 million. The individual made extravagant purchases, including a $2 million watch and more than 30 cars, according to the FBI.

The details of the case are unclear beyond the defendant's guilty plea, but it marks another high-profile instance of cryptocurrency-related crime. Bitcoin has become increasingly popular as a payment method in recent years, with many retailers and investors turning to the digital currency.