The post LAPD recovers $2.7m in stolen Bitcoin mining equipment appeared on BitcoinEthereumNews.com.

Two suspects tied to a South American cargo theft ring were arrested after Los Angeles police recovered over $3.9 million in stolen goods—including $2.7 million worth of Bitcoin mining computers intercepted at LAX. Detectives from the LAPD’s Cargo Theft Unit, working with the Los Angeles Port Police and other agencies, apprehended Oscar David Borrero-Manchola, 41, and Yonaiker Rafael Martinez-Ramos, 25, following an investigation into stolen cargo linked to the South American Theft Group.  The mining equipment was recovered as it was being loaded onto a plane bound for Hong Kong. The seizure highlights the scale and sophistication of ongoing cargo theft operations targeting high-value tech shipments.  Bitcoin (BTC) mining computers, which require significant investment and are often in high demand, have become a growing target for organized theft groups. Authorities also recovered $1.2 million in additional stolen goods, including tequila, electronics, and pet food, from storage units in the San Fernando Valley. Borrero-Manchola was cited and released, while Martinez-Ramos remains in custody on a no-bail warrant. The investigation is ongoing, with officials warning that more arrests may follow as law enforcement continues efforts to safeguard commercial cargo routes. Source: https://crypto.news/lapd-recovers-2-7m-in-stolen-bitcoin-mining-equipment/

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Filed under: News - @ April 24, 2025 4:18 am