Friday, September 4, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Controversy resurfaces in Colombia over treasure-filled San José shipwreck – The Art Newspaper

by SB Crypto Guru News
May 25, 2026
in NFT
Reading Time: 7 mins read
0 0
A A
0



Which holds more value: the story of a shipwreck or the treasures it carried? For years, controversy has surrounded the San José, a Spanish galleon loaded with gold, silver and emeralds that sank off Colombia’s coast in 1708. It was destroyed by the British during the War of the Spanish Succession, and almost 600 people onboard lost their lives. The ship’s lucrative cargo, meant to fund the war, sank more than 600m to the seabed.

Ever since Colombia announced the galleon’s discovery in 2015, the San José has become one of the world’s most disputed shipwrecks. Controversy recently resurfaced after the oversight group Veeduría Nacional para el Control Social del Patrimonio Cultural Sumergido de Colombia (VNPCS) issued an open letter to Colombia’s attorney general, complaining of a lack of transparency and alleging looting and unauthorised interventions in 2016 and 2022. The letter also claims that the site’s co-ordinates, considered a state secret, have been disclosed.

VNPCS has advocated for the San José since 2017. Initially, its legal actions sought to halt Colombia’s exploration alliance with Maritime Archaeology Consultants (MAC), the Swiss treasure-hunting firm that helped locate the ship in 2015.

“Our claims were not resolved in court,” Francisco Muñoz Atuesta, the director of VNPCS, tells The Art Newspaper. “However, they led to the galleon’s designation as a cultural interest site in 2020, banning private involvement.” MAC is now seeking compensation.

In 2024, the San José was designated a protected archaeological area, placing it under the jurisdiction of the Colombian Institute of Anthropology and History (ICANH). But while many celebrated this enhanced protection, Muñoz says previous problems were disregarded: “Accusations of looting and unauthorised interventions were raised in January 2021 via legal channels, but authorities ignored them.”

These claims are partly based on a 2020 analysis by Rodrigo Pacheco Ruiz, a deep-sea maritime archaeologist and fellow at the University of Southampton in the UK. In the study, Pacheco compared partial imagery of the San José from 2015 and 2016.

“Given the scarce information, it is hard to pinpoint the exact causes of sediment differences between the 2015 and 2016 images,” he tells The Art Newspaper. “They could result from human or natural causes, but there are selective areas with sediment removal.”

Treasure hunt

Over the years, many people and entities have laid claim to the San José and its valuable cargo. The most notorious dispute involves the US-based salvage company Sea Search Armada, which claims to have located the galleon in the early 1980s and is seeking $10bn, which it claims represents half the cargo’s value. The conflict even reached the Hague’s Permanent Court of Arbitration.

“There is no certainty regarding the legal process status, as it is currently listed as pending,” says Juan Guillermo Martín Rincón, an archaeologist and professor at Universidad del Norte in Barranquilla. He is also a member of a university network that has questioned the Colombian government’s plan to raise the shipwreck since 2018.

Martín says that the steep legal costs are concerning: “The project has brought immense financial cost to the Colombian people. The cargo can no longer be shared, yet a payout of this magnitude could affect the country.”

Plans for the San José also face scrutiny. Although the galleon’s full excavation was halted, the retrieval conducted by underwater robotics of a cannon, a porcelain cup and three coins in November 2025 drew backlash. “No scientific reasons were given for this extraction, and the equipment used was far from optimal,” Martín says.

“What destroys deep-sea archaeological contexts that are not at risk, like this one, is human intervention,” says Pacheco, noting that a project of this magnitude requires international scientific cooperation, which is currently absent.

Muñoz fears that the 2025 retrieval altered the site. “We demanded that no changes be made to the context before it was registered, as it was a crime scene,” he says. “Sadly, now it is too late.” Muñoz also believes the dismissal of imagery predating 2022 points to previous intrusions.

The San José research team views the issue differently. “The retrieved objects help determine the site’s conservation and degradation through physicochemical studies,” says Ricardo Borrero, a team member who previously opposed the galleon’s full excavation in a published paper. ICANH did not respond to requests for comment; the institute has repeatedly denied allegations of looting.

A fragment of rope found in the surfaced cannon has also sparked debate. In the open letter, Muñoz describes it as “most likely modern”, while Borrero argues that it is historical. “Other fragments of rope have been found in shipwrecks, including a 12th-century Viking vessel,” Borrero says. He underscores the excellent conservation of the ship’s wooden parts due to prevailing conditions but stresses that “the seabed is changing and dynamic”.

Experts question the continued exploration of the ship, with Martín and Pacheco bemoaning the lack of a long-term, science-based strategy. Critics in Colombia also cite fears of retaliation but remain committed to their cause.

Legal resolutions and the project’s next steps remain to be seen. Everyone The Art Newspaper spoke to agrees on one thing: the story of the San José is what makes it valuable, not the treasure it carried.

“The galleon’s heritage is universal, and it still has much to tell us,” Muñoz says.



Source link

Tags: ArtBitcoin NewsColombiaControversyCrypto NewsCrypto UpdatesJoséLatest News on CryptoNewspaperresurfacesSanSB Crypto Guru Newsshipwrecktreasurefilled
Previous Post

US Sanctions Sinaloa Cartel Crypto Laundering, Venezuela Shuts Down Mining Farm

Next Post

Binance Unveils 100M AIGENSYN Airdrop

Related Posts

From DIY endeavour to London art world mainstay: Bold Tendencies celebrates 20 years – The Art Newspaper

by SB Crypto Guru News
September 4, 2026
0

Many of my most memorable art experiences in recent years have taken place in and above a multi-storey car park...

Reputation Is Becoming Real Estate’s Most Important Infrastructure

by SB Crypto Guru News
September 4, 2026
0

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Showing up isn’t the hard part anymore. What people find...

How They Built a Million-Dollar Franchise Business in 6 Months

by SB Crypto Guru News
September 3, 2026
0

Key Takeaways Several years ago, Ken and Sarah Barlow realized their South Carolina city did not have a self-service frozen...

How Transaction-Based Advertising Is Changing the Game

by SB Crypto Guru News
September 3, 2026
0

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Point of Purchase is not merely the endpoint of the...

Leading Mexican curator Cuauhtémoc Medina tapped to organise next edition of Guatemala’s Bienal de Arte Paiz – The Art Newspaper

by SB Crypto Guru News
September 3, 2026
0

The Bienal de Arte Paiz in Guatemala has appointed the Mexican critic, curator and historian Cuauhtémoc Medina as the curator...

Load More
Next Post
Binance Unveils 100M AIGENSYN Airdrop

Binance Unveils 100M AIGENSYN Airdrop

ARB Price Prediction: Critical alt=

ARB Price Prediction: Critical $0.10 Support Test Could Trigger 20% Drop

  • Trending
  • Comments
  • Latest
Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

August 14, 2026

TON Validators Prepare Node Update Ahead Of Collator Vote

August 22, 2026
AVAX Price Prediction: Bears Own This Chart — .98 Is the Next Stop

AVAX Price Prediction: Bears Own This Chart — $5.98 Is the Next Stop

August 16, 2026
How AI Agents Are Deleting the Steep Web3 Tooling Curve

How AI Agents Are Deleting the Steep Web3 Tooling Curve

August 15, 2026

EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims

August 23, 2026

ZachXBT Exposes Canada as Worst Global Hotspot for Crypto Fraud

August 22, 2026

Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic Era

0

How Transaction-Based Advertising Is Changing the Game

0

Zcash Price Spike Fuels Massive Mining Profits and Hashrate Boom

0

Fidelity Isn’t Calling a Bottom yet Despite Bitcoin Price Rally

0

The Stablecoin Story Is Not About a Single Digital Dollar

0

From DIY endeavour to London art world mainstay: Bold Tendencies celebrates 20 years – The Art Newspaper

0

Fidelity Isn’t Calling a Bottom yet Despite Bitcoin Price Rally

September 4, 2026

Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic Era

September 4, 2026

The Stablecoin Story Is Not About a Single Digital Dollar

September 4, 2026

From DIY endeavour to London art world mainstay: Bold Tendencies celebrates 20 years – The Art Newspaper

September 4, 2026

Banco Do Brasil Makes Latam’s First Digital Structured Note Trade

September 4, 2026

ENS Proposes L2 Registry Migration To Cut Domain Costs

September 4, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.