Venezuela Arrests Three ‘Los Binanceros’ Members Over Binance P2P Arbitrage

• Three men were arrested in Maracaibo over an alleged USDT arbitrage scheme.
• They bought dollars at the official BCV rate through regulated auction desks.
• They converted those dollars to USDT and resold them at the higher parallel rate.

Venezuela’s Bolivarian National Police arrested three men in Maracaibo last week, accusing them of running a currency arbitrage scheme through Binance’s peer-to-peer platform. The case has drawn attention to a broader question facing crypto users in the country: where exactly does ordinary P2P trading cross into criminal territory?

How the Scheme Allegedly Worked

According to police, the three men, identified as 18-year-old Adrián Jesús Gómez, 19-year-old José Ángel Hernández, and 22-year-old Guillermo José Roldán, were part of a criminal gang, ‘Los Binanceros’, and operated out of a residential area in Maracaibo’s Francis…

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