1 August 2026
Hackers In Venezuela Arrested For Stealing $2 Million In Bitcoin
The police of Venezuela has undertaken two hackers who stole $2 million from a local crypto exchange. Hackers used obfuscation protocols to cover their tracks, but police managed to track the heist to a company they are associated with. The accused were arrested by the Criminal, and Criminalistic Investigations Corps (CICPC). The two accused named 34-year-old Kevin Diaz and 33-year-old Jose Manuel Mendoza were able to steal away $1.93 million worth of Bitcoin.
Though the hackers used obfuscation protocols to cover the tracks, CICPC succeeded to track them down. Venezuela’s largest national police body, the investigative agency, worked with national internet service provider CANTV to trace them.
As per the reports the hackers were associated with PROINSA CA, a company whose servers Bancar exchange reportedly used. However, it's not clear yet how these two criminals were associated with the company. CICPC says “the accused accessed the systems, bypassing all its security and in turn carried out several transactions for a total amount of 101 bitcoins, which were not authorized by the Bancar company.”
In Venezuela, 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. General Lenin Herrera said the objective of block reward mining was “strengthening and self-sustainability of our units of the Bolivarian Army.”
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