Home » Venezuelan Hackers Who Stole Almost $2 Million Worth of Bitcoin Arrested

Venezuelan Hackers Who Stole Almost $2 Million Worth of Bitcoin Arrested

The cybercriminals used obfuscation protocols to cover their tracks, but CICPC managed to track them down.
news - Venezuelan Hackers Who Stole Almost $2 Million Worth of Bitcoin Arrested

Venezuelan authorities have arrested two hackers who allegedly stole almost to $2 million worth of bitcoin from a local crypto exchange.

news - Venezuelan Hackers Who Stole Almost $2 Million Worth of Bitcoin Arrested

The Venezuelan Scientific, Criminal, and Criminalistic Investigations Corps (CICPC) recently apprehended the two cybercriminals. The 34-year-old Kevin Diaz and 33-year-old Jose Manuel Mendoza allegedly stole $1.93 million worth of Bitcoin at the time of writing. The cybercriminals used obfuscation protocols to cover their tracks, but CICPC managed to track them down.

To track hackers, the investigative agency worked with national internet service provider CANTVA. According to the local reports, the two suspects were associated with PROINSA CA, a company whose servers Bancar exchange reportedly used.

As previously reported, Venezuelan armed forces have established a new facility known as the Digital Assets Production Center of the Bolivarian Army of Venezuela, which has already started mining cryptocurrencies like Bitcoin to secure funds. Venezuela continues to face sanctions from the US and other countries and cannot participate in international trade.

 

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