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Party’s over for crypto scammers who went on a spending spree after a $240 million bitcoin theft

Party’s over for crypto scammers who went on a spending spree after a $240 million bitcoin theft

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WASHINGTON (AP) — They pulled off one of the largest cryptocurrency thefts in U.S. history, duping a stranger out of bitcoin worth over $240 million. They tried to hide their digital fingerprints, carrying out a sophisticated scheme to launder the proceeds.

And then the party started.

The scammers — a network of young men in their late teens or early 20s — celebrated the August 2024 heist by embarking on a wild spending spree. They purchased fleets of sports cars, flew on private jets, hired security guards and rented mansions in Miami and the Hamptons. An…

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