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 ... The latter scenario grabbed headlines this month, as over 600 computers used to mine Bitcoin have been seized in China, valued at over $2 mln alone. From Iceland to China? The seized equipment is being linked to a series of thefts in Iceland late last year. Three separate incidents spanning from December to January led to a total of 600 computers being stolen by a number of culprits. The ... 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 ... Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement. Illicit crypto proceeds can be shuttled between wallet addresses at the click of a mouse, and their obfuscation behind the multiple strings of numbers and letters of wallet addresses can create a dizzying — if not impenetrable — cryptographic maze for authorities to navigate. From cleaning soap actors to former lawmakers, Cointelegraph takes inventory of a number of the most illustrious arrests of the figures behind crypto’s excessive crimes and misdemeanours this yr. Gone are the times when shady dealings in crypto had been perceived as resistant to the clutches of regulation enforcement. Illicit crypto proceeds could be shuttled […] Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically Icelandic information technology service Advania has confirmed with their security footage that the police have apprehended the right two men for the three burglaries at data centers in Iceland last December and January, local news outlet Visir reported Feb. 21. Visir had earlier reported that there were three burglaries in total, from a period of Dec. 5, 2017 to […] 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.
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