Icelandic Bitcoin mining equipment thief, Sindri Þór Stefánsson, was sentenced to four and a half years in prison on Jan. 17th. He was re-apprehended in the Netherlands after he fled custody and boarded a flight to Stockholm from Reykjavik in April 2018. Stefánsson made headlines in February last year when he stole Bitcoin mining equipment reportedly totaling $2 million in a string of ... 600 seized computers used for Bitcoin mining in China could well be the same 600 stolen from Iceland three months ago. Given the surge in popularity of cryptocurrencies over the past few years, mining has become a seriously lucrative endeavor. All over the world miners have set up operations, big and small, as they look to capitalize on dwindling Bitcoin rewards from processing transactions ... In what has been coined the “big bitcoin heist,” 600 computers used for bitcoin mining have been stolen from data centers across Iceland. Authorities in that sparsely populated island nation on the Arctic Circle say that it’s the largest series of robberies ever to hit Iceland. Police there believe that these thefts are tied to ... The stolen computers, hard disks, memory disks and graphics cards used for mining bitcoin and other virtual currencies, have to be recovered yet. Iceland has become a refuge and safe haven for the bitcoin miners. With an adequate power supply at low rates, conserved from the volcanic activity and appropriate cooling temperatures to keep the computers running, Iceland is an ideal mining ... Because of the unique nature of Bitcoin, the theft of 600 devices used for mining, provides the thief with the potential to profit much more than the value of the rigs themselves. What’s more, because Bitcoin is a borderless currency, both Iceland and China will be investigating the case in tandem, which is becoming a common occurrence in the new-age of crypto criminal cases. The whereabouts of the equipment, including the computers — said to have been used for Bitcoin mining — remained untraceable, ... Top Binance Trader Thinks This Comes Next for the Bitcoin Market. September 11, 2020. 6 Things You Must Know When Choosing an Online Casino. September 11, 2020. IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at... September 11, 2020. This Fractal ... Bitcoin-masker Arrests Making Headlines Across the Globe Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement .
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