In short
- The LAPD has seized Bitcoin miners value $2.7 million in a theft ring bust.
- Bitcoin miners, tequila, pet meals, and low 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 value $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 together with 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 laptop designed to resolve 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 value of stolen gadgets, together with tequila, audio system, espresso, clothes, footwear, physique wash, and pet meals. The LAPD didn’t specify the locations of the opposite stolen items, however stated the Bitcoin miners had been in cargo containers certain for Hong Kong.
“This case highlights the continued collaborative efforts amongst legislation enforcement businesses to fight cargo theft and defend the integrity of business transport operations,” the LAPD stated in an announcement. “The investigation stays ongoing, and extra arrests might observe.”
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Bitcoin miner thefts
The seizure is the most recent in a sequence of recoveries by U.S. legislation enforcement businesses of stolen Bitcoin mining gear.
Final summer season, in July 2024, the LAPD arrested Bryan Thola on suspicion of possessing stolen Bitcoin miners value $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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