How Crypto Ended Up at the Center of a Potential $20 Billion Internal Corruption Scandal in Venezuela — Bitcoin Mining Shutdown Results – Featured Bitcoin News

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Venezuelan Oil Minister Tareck El Aissami stepped down, and former Head of crypto watchdog Sunacrip Joselit Ramirez was arrested as a result of a corruption probe led by President Nicolas Maduro.

However, analysts agree that this is where the system failed, with these funds not being exchanged for cash to pass to Venezuelan accounts. Teran believes that Sunacrip acted as a sort of Trojan Horse, and resources did not reach the Venezuelan coffers. The situation blew up in December when the government finally found out these resources were not registered.

Documents allegedly reviewed byindicate that 84% of the deals brokered were not paid by these intermediaries. This represents losses by the order of $21.2 billion in invoices, with almost $4 billion being potentially unrecoverable as the tankers that received the crude did not pay even a portion of the oil received.

 

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NicolasMaduro delcyrodriguezv somos el hazme reír el mundo crypto en el mundo 🌎 una prueva de que las criptomoneda no pueden ser controlada por una institución gubernamentales.

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