pdvsacripto

‌📢 The United States arrests Álvaro Pulido, detained in Venezuela over the PDVSA-Cripto scheme: what it was and what happened with Sunacrip
The United States arrested Colombian businessman Álvaro Pulido, associate of Alex Saab, who had been imprisoned in Venezuela since 2023 over his alleged involvement in the PDVSA-Cripto scheme, the scandal that led to the intervention of Sunacrip. U.S. Attorney General Todd Blanche announced it on Sunday, October 11. Pulido faces in that country…
The U.S. arrested Álvaro Pulido, associate of Alex Saab, imprisoned in Venezuela over the PDVSA-Cripto scheme. What is known and what happened with Sunacrip.

Imagine one of the world’s largest oil reserves decides to skip the traditional financial system and adopt cryptocurrencies as the official way to export its crude. On paper, this sounded like the ultimate use case for decentralization advocates: a State using digital wallets and the blockchain to evade SWIFT system control and tough international financial sanctions.
But what began as a bold crypto adoption experiment at the government level ended up mutating into the most devastating black box in the region’s economic history.