A 22-year-old man who dropped out of school in the eighth grade pleaded guilty on Sept. 8 to helping steal more than $245 million in cryptocurrency after teaming up with friends.

According to the Associated Press, Malone Lam used proceeds from the theft to buy luxury cars, rent Miami mansions and spend millions at nightclubs. One night at a Los Angeles club, he reportedly spent $569,000.

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The money didn’t come from a lucky crypto investment, either. Prosecutors say it was stolen from a Washington, D.C., resident in August 2024, in one of the largest cryptocurrency thefts in U.S. history. The group allegedly posed as representatives of Google and the Gemini…