AFTER $240M BITCOIN THEFT, CRYPTO SCAMMERS' SPENDING SPREE COMES TO AN END

Summary from the TLDR Fintech newsletter

A group of young hackers allegedly stole more than 4,100 bitcoin by impersonating Google and Gemini representatives and manipulating a wealthy investor into revealing his security codes. Their extravagant purchases, including luxury cars, private jets, mansions and a $569,000 night out, helped attract attention before investigators traced the scheme through an exposed IP address. Eighteen people have been charged, with alleged ringleader Malone Lam expected to become the eleventh to plead guilty.