An eighth grade dropout admitted to stealing $245 million in Bitcoin and going on a spending spree

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A man who led a cryptocurrency theft ring pleaded guilty to stealing $245 million in Bitcoin, going on a lavish spending spree before being arrested.

A man who dropped out of school in the eighth grade pleaded guilty Tuesday to stealing $245 million in Bitcoin, one of the biggest cryptocurrency thefts in U.S. history. He then spent the stolen fortune on custom Porsches, Lamborghinis, Ferraris, mansion rentals and a $2 million watch.

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