https://www.live-feeds.com/feed/8th-grade-dropout-accused-of-blowing-240m-bitcoin-haul-on-ferraris-and-4m-club-nightsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/8th-grade-dropout-accused-of-blowing-240m-bitcoin-haul-on-ferraris-and-4m-club-nightshttps://www.live-feeds.com/feed/8th-grade-dropout-accused-of-blowing-240m-bitcoin-haul-on-ferraris-and-4m-club-nights#u62816Wed, 09 Sep 2026 14:26:09 +0000A 22-year-old man from Singapore pleaded guilty to orchestrating a massive cryptocurrency heist targeting a Washington, D.C., resident. The defendant and his accomplices stole nearly a quarter-billion dollars in bitcoin, using the laundered funds to finance an extravagant spending spree. Investigators report the stolen fortune funded luxury purchases including Ferraris and club nights costing four million dollars. The case highlights major vulnerabilities in digital asset security and the rapid, conspicuous consumption of illicitly acquired cryptocurrency fortunes.Why it mattersDigital currenc