The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items.
LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody
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California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware
On March 19, 2024, the LAPD, along with detectives from the Commercial Crimes Division’s Cargo Theft Unit in California, took into custody three men. It was revealed on Thursday by the police that the accused are facing charges related to the possession of stolen goods, specifically 608 bitcoin mining rigs. They have been detained at the 77th Street Jail, awaiting the commencement of their court proceedings.
The event first came to light through coverage by KTLA, with local journalist Josh DuBose revealing the identities of the accused as 47-year-old Vardan Vardanyan, 36-year-old Vagarshak Vardanyan, and 34-year-old Samvel Pilovan. Details regarding the ownership of the stolen mining rigs and the likelihood of their return post-LAPD inquiry remain unspecified.
Law enforcement officials are calling on the public to come forward with any pertinent details regarding the case. Visual evidence provided by the police includes images of a Uhaul truck laden with boxes, a storage facility housing wrapped parcels, and a photograph showcasing a hydro-powered ASIC mining apparatus manufactured by Bitmain.
What do you think about the LAPD recovering $6.9 million worth of bitcoin mining machines this week? Let us know what you think about this subject in the comments section below.
