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 at the side of 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 referred to 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 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 price of stolen objects, 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 mentioned the Bitcoin miners had been in cargo containers sure for Hong Kong.
“This case highlights the continued collaborative efforts amongst regulation enforcement companies to fight cargo theft and defend the integrity of economic transport operations,” the LAPD mentioned in an announcement. “The investigation stays ongoing, and extra arrests might observe.”
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Bitcoin miner thefts
The seizure is the newest in a sequence of recoveries by U.S. regulation enforcement companies of stolen Bitcoin mining tools.
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.
