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Bitcoin News

LAPD Arrests Suspect in $579K Bitcoin Mining Equipment Theft

Written By:
Iyiola Adrian

Last updated: July 3, 2024 4:18 PM
Published July 3, 2024 7:27 AM
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Last updated: July 3, 2024 4:18 PM
Published July 3, 2024 7:27 AM
LAPD Arrests Suspect in $579K Bitcoin Mining Equipment Theft

The Los Angeles Police Department (LAPD) announced on Tuesday the arrest of a 27-year-old Canyon Country man suspected of stealing Bitcoin mining computers valued at approximately $579,000. 

The suspect, Bryan Thola was taken into custody last Thursday after authorities discovered the allegedly stolen equipment in his cargo van and a public storage unit. 

According to the LAPD news release, Thola was booked into the Van Nuys Jail and released on his own recognizance the following day.

The seized computers are devices used in the Bitcoin mining process, which involves verifying transactions and recording them on the cryptocurrency’s blockchain. 

However, LAPD’s Commercial Crimes Division is leading the ongoing investigation. The department has not disclosed how they initially became aware of the stolen equipment. 

Authorities have released photographs showing the recovered computers stacked inside a van and storage unit. 

The LAPD is requesting public assistance in the case. Urging anyone with relevant information to contact the Commercial Crimes Division or use anonymous reporting options such as LA Crime Stoppers.

Also Read: Seven Biggest Hacking Attempts of 2024 in Crypto

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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