Bitcoin

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Venezuelan security forces recently raided a criminal gang-controlled Tocorón <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> and confiscated Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> <a rel="noopener noreferrer nofollow" title="machines" href="https://thebittimes.com/tag/machines.html">machines</a>, along with various weapons such as grenades, rocket launchers, and guns.&nbsp;</p> 
 <p>The Venezuelan government sent out over 11,000 soldiers and police to take back the Tocorón <a rel="noopener noreferrer nofollow" title="prison" href="https://thebittimes.com/tag/prison.html">prison</a> which served as the headquarters of the <a rel="noopener noreferrer nofollow" title="notorious" href="https://thebittimes.com/tag/notorious.html">notorious</a> Tren de Aragua gang. The development marked the first time that <a rel="noopener noreferrer nofollow" title="authorities" href="https://thebittimes.com/tag/authorities.html">authorities</a> would take action against the country’s most feared criminal group that extended its operations to neighboring countries.&nbsp;</p> 
 <p>According to reports, members of the feared gang were involved in illicit activities including human trafficking, kidnappings, extortion, and prostitution.&nbsp;</p> 
 <p>The prison had facilities such as a baseball field, swimming pool, a zoo, a nightclub, and a casino for inmates. There were also Bitcoin mining machines that were used to illegally mine BTC.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitfinex initiates P2P trading service in Argentina, Colombia, and Venezuela 
 </div> 
 <p>Remigo Ceballos, Venezuela’s Interior and Justice Minister, revealed that four guards were arrested during the raid, on the suspicion that they aided the gang members.&nbsp;</p> 
 <p>Some inmates managed to escape during the raid, while the government evacuated the prison’s 1,600 inmates to other locations. Ceballos declared the clampdown as successful, adding that authorities were prepared to “go against all the criminals and accomplices.”</p> 
 <p>Venezuela’s regulators suspended Bitcoin mining operations in March, following investigations into an alleged corruption scheme involving the use of cryptocurrency wallets to redirect funds belonging to Petróleos de Venezuela SA (PDVSA), a state-run oil company.&nbsp;</p> 
 <p>However, Bloomberg reported in June that the temporary ban was destroying the crypto-mining industry that once thrived in the country.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> El Salvador and Tether work together to create ‘Volcano Energy’ bitcoin mining center 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/venezuela-authorities-seize-bitcoin-mining-machines-from-notorious-prison-tbt63810.html">https://thebittimes.com/venezuela-authorities-seize-bitcoin-mining-machines-from-notorious-prison-tbt63810.html</a></p>

Venezuela authorities seize Bitcoin mining machines from notorious prison

TheBitTimes

Other articles published on Sep 23, 2023

Gerebek Bekas Penjara di Venezuela, Polisi Temukan Alat Bitcoin Mining

Crypto Daily Roundup, 22 Sep: Crypto jitters amid Fed's hawkishness

Coinbase Registers with Bank of Spain to Offer Crypto Services

Arkham identifies Coinbase as its largest Bitcoin holder, controlling 5% of all BTC

Coinbase shows interest in FTX Europe amid global crypto derivatives expansion

BTC Loses the Interest of Holders as Liquidations Spike

Join our free newsletter for daily crypto updates!