Briefly
The LAPD has seized Bitcoin miners price $2.7 million in a theft ring bust.
Bitcoin miners, tequila, pet meals, and occasional had been among the many stolen gadgets.
Two suspects tied to a South American crime ring had been arrested.
Los Angeles Police Division Detectives recovered greater than $3.9 million in stolen items—together with Bitcoin miners price $2.7 million—after monitoring a cargo theft ring to a San Pedro, CA warehouse.
The Los Angeles Police Division’s Cargo Theft Unit detectives, working along side the Los Angeles Port Police, Union Pacific Police, and Airport Police, arrested 41-year-old Oscar David Borrero-Manchola and 25-year-old Yonaiker Rafael Martinez-Ramos, who the division known as “distinguished members” of a South American crime ring linked to cargo theft operation within the Los Angeles space.
A Bitcoin miner is a specialised pc designed to unravel advanced mathematical issues that validate transactions on the Bitcoin community, incomes cryptocurrency as a reward.
The LAPD didn’t instantly reply to requests for remark by Decrypt.
Along with the Bitcoin miners, detectives recovered $1.2 million price of stolen gadgets, together with tequila, audio system, espresso, clothes, sneakers, physique wash, and pet meals. The LAPD didn’t specify the locations of the opposite stolen items, however mentioned the Bitcoin miners had been in cargo containers sure for Hong Kong.
“This case highlights the continuing collaborative efforts amongst regulation enforcement companies to fight cargo theft and shield the integrity of business transport operations,” the LAPD mentioned in a press release. “The investigation stays ongoing, and extra arrests could observe.”https://myriad.markets/markets/will-the-u-s-government-acquire-bitcoin-by-may-15-2e900251-351d-410a-9816-f8113682e19b
Bitcoin miner thefts
The seizure is the most recent in a sequence of recoveries by U.S. regulation enforcement companies of stolen Bitcoin mining gear.
Final summer time, in July 2024, the LAPD arrested Bryan Thola on suspicion of possessing stolen Bitcoin miners price $579,000. That very same month, the Baton Rouge Police Division seized 250 stolen Bitcoin miners after raiding an deserted warehouse in Louisiana.
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