US Offers $5M Reward for Venezuelan Crypto Head
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June 3, 2020

The US Immigration and Customs Enforcement's (ICE) Homeland Security Investigations office in New York has announced it has added Venezuela's superintendent of cryptos to its list of Most Wanted people.

Joselit de la Trinidad Ramírez Camacho has been accused of "having deep political, social and economic ties to multiple alleged narcotics kingpin."

According to a statement shared by the agency, "Ramírez Camacho currently serves as Venezuela's superintendent of cryptocurrency and has been indicted in the Southern District of New York for violations of the International Emergency Economic Powers Act, the Kingpin Act, and other sanctions imposed by U.S. Treasury Department's Office of Foreign Asset Control (OFAC)."

In addition, the office has offered a $5M reward for any information that could help arrest the accused.

If he is arrested, he will be sent to the US and tried in the Southern District of New York.

Ramírez is in charge of the national cryptocurrency Petro, which was launched back in October 2018 by the country with the aim of avoiding US sanctions. According to the government, it is backed by the country's oil reserves.

Yesterday it was known all authorized gas stations in the country had begun to accept the national cryptocurrency to pay for gas with a special discount.

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