Bitcoin miners trapped in alleged 20 billion corruption scheme in Venezuela

Large-scale bitcoin miners have been forced to turn off their operations in Venezuela as part of the country’s nationwide crackdown on corruption.

There is anywhere from $3 billion up to $20 billion missing from Petróleos de Venezuela, S.A., the national oil and gas company. Some of Maduro's political movement (also known as Chavismo) own key leaders, like former PDVSA President Tareck Zaidan El Aissami Maddah, are under suspicion during this anti-corruption investigation. The Superintendencia Nacional de Criptoactivos, also known as SUNACRIP, is at the center of this process since it was used for liquidating PDVSA’s sales after the U.S. sanctions against the company and was the primary national institution concerned with all things related to cryptocurrency, including bitcoin mining.

https://www.forbes.com/sites/digital-assets/2023/04/20/bitcoin-miners-trapped-in-alleged-20-billion-corruption-scheme-in-venezuela/