Crypto
Upper Michigan Man Pleads Guilty to $240 Million Bitcoin Theft
An Upper Michigan man has pleaded guilty to orchestrating a massive Bitcoin theft worth $240 million. The case is one of the largest cryptocurrency-related crimes in history.
The man, whose name was not specified in the source, used his ill-gotten gains to purchase luxury items, including a $2 million watch and over 30 cars, according to the FBI.
The crime occurred at an unspecified time prior to the guilty plea, which was announced on September 11, 2026.