LAPD recovers $2.7M worth of Bitcoin miners stolen in airport heist

Quick Summary:

The LAPD said searches of storage unit facilities in the San Fernando Valley, northeast of downtown Los Angeles, recovered $4 million worth of stolen goods, including the Bitcoin (BTC) mining rigs taken from Los Angeles International Airport “as the shipment was about to be loaded onto a plane headed to Hong Kong.”Detectives also found and seized over $1.2 million in allegedly stolen tequila, clothing, shoes, speakers, coffee, body wash, and pet food.

The Los Angeles Police Department has recovered $2.7 million worth of Bitcoin mining machines it alleges were stolen by a crime ring in a heist at the city’s airport.

The LAPD said that “the investigation remains ongoing, and additional arrests may follow.”Crypto mining rigs fetch top dollar The LAPD didn’t share the number of machines it seized or what model the rigs are, but a typical, current-model Bitcoin mining machine sells for between $3,000 to over $5,000.

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Article Details

Author / Journalist: Cointelegraph by Jesse Coghlan

Category: Crypto

Markets: United StatesChinaHong KongIceland

Topics: Million Lapd Seized Angeles Worth Rigs Police Bitcoin Mining City’s Stolen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 03:40:51 (19 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28181632

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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