Iceland bitcoin heist

Bitcoin heist suspect likely fled to Sweden after escaping from Iceland prison. Keep up to date with the latest coronavirus news via our live blog. Tony Fitzgerald, who led the landmark s Fitzgerald Inquiry, will chair a review into Queensland's anti-corruption body after a scathing report. A man suspected of masterminding the theft of about computers used to mine bitcoins and other virtual currencies has likely fled to Sweden after breaking out of a prison in Iceland, officials say. Swedish police spokesman Stefan Dangardt said no arrest had been made in Sweden but Icelandic police had briefed them on the situation and issued an international arrest warrant. Police in Iceland said they believe Sindri Thor Stefansson fled a low-security prison through a window and boarded a flight to Sweden at Iceland's international airport in Keflavik.

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• Major Bitcoin Mining Heist in Iceland - Eleven Arrested
• “The Big Bitcoin Heist” – 600 Bitcoin Mining Servers Stolen from Data Centers in Iceland
• Iceland’s ‘Big Bitcoin Heist’ Showed How Strong the Country’s Crypto Economy Really Is
• 'Big Bitcoin Heist': 2 held over stolen computers in Iceland
• Bitcoin heist: 600 powerful computers stolen in Iceland
• Inside “The Big Bitcoin” Heist In Iceland – 600 Mining Computers Stolen
• Suspect in Iceland's 'Big Bitcoin Heist' escapes prison
• Bitcoin heist suspect flees Iceland on flight carrying PM: state broadcaster

WATCH RELATED VIDEO: Bitcoin Heist: 600 Powerful Computers Stolen in Iceland

Major Bitcoin Mining Heist in Iceland - Eleven Arrested

In this file photo taken on Jan. REYKJAVIK, Iceland -- A prisoner in Iceland suspected of masterminding the theft of about computers that were being used to mine bitcoin and other virtual currencies escaped custody and fled Tuesday on a passenger plane that a witness said also carried the remote North Atlantic nation's prime minister.

Police said surveillance footage showed a suspect they identified as Sindri Thor Stefansson boarding a flight to Sweden at Iceland's international airport in Keflavik. They said he travelled under a passport in someone else's name.

Investigators think Stefansson left the low-security prison where he recently had been transferred through a window early Tuesday. Guards did not report him missing until after the flight to Sweden had taken off.. Stefansson was among 11 people arrested earlier this year for allegedly stealing the powerful computer in Iceland's biggest thefts. Icelandic media have the case the "Big Bitcoin Heist. If the stolen equipment is used for its original purpose -- to create new bitcoins -- the thieves could turn a massive profit in an untraceable currency without ever selling the items.

The escaped prisoner was being held at the Sogn prison in rural southern Iceland, located some 95 kilometres 59 miles from the airport.

The prison is unfenced and inmates there have telephone and internet access. Stefansson had been in custody since February. He was moved to the open prison 10 days ago, police said. A passenger on the flight that the escaped inmate allegedly caught to Sweden told national broadcaster RUV that Iceland's prime minister, Katrin Jakobsdottir, was also on the plane. Jakobsdottir was among five Nordic prime ministers who met with India's prime minister Tuesday in Stockholm,.

The escape is yet another twist in a criminal case without parallel on the peaceful island nation with a population of , and one of the world's lowest crime rates. Police have arrested 22 people altogether, including a security guard, without solving the burglaries. Blessed with an abundance of renewable energy, Iceland has emerged as a popular base for large virtual currency companies that use massive amounts of electricity running the computers that create bitcoins.

Helgi Gunnlaugsson, a sociology professor at the University of Iceland, said keeping a high-profile prisoner in such low-security surroundings was unusual -- but more so was his organized escape. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. Reddit Share. Jakobsdottir was among five Nordic prime ministers who met with India's prime minister Tuesday in Stockholm, The prime minister's presence, the witness said, was the only unusual thing about that flight.

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“The Big Bitcoin Heist” – 600 Bitcoin Mining Servers Stolen from Data Centers in Iceland

In late , a group of thieves successfully broke into Advania data center in Iceland, stealing Bitcoin computers. Along with the computers, the thieves had also taken motherboards, graphics cards, and power accessories, but the stolen hardware was a minor heist compared to the virtual money the cryptocurrency machines could generate for the burglars. Stefansson and his partner were arrested and questioned by police, then later released after denying any involvement with the theft. Two weeks after the burglary, Stefansson and his partners were arrested. Stefansson briefly managed to break out of prison and flee to Amsterdam, before being arrested there and extradited to Iceland to stand trial. In December , Stefansson received a four and a half year prison sentence.

Iceland’s ‘Big Bitcoin Heist’ Showed How Strong the Country’s Crypto Economy Really Is

Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the "Big Bitcoin Heist. But if the stolen equipment is used for its original purpose — to create new bitcoins — the thieves could turn a massive profit in an untraceable currency without ever selling the items. Three of four burglaries took place in December and a fourth took place in January, but authorities did not make the news public earlier in hopes of tracking down the thieves. Bitcoin is a kind of digital money that isn't tied to a bank or a government. It has been hugely volatile, posting some dizzying intra-day rises and falls over the past year or so. Bitcoin and other cryptocurrencies rely on the blockchain, the name given to the public, distributed ledgers which track the coins' ownership. The Bitcoin ledger is powered by "miners," so-called because they throw computational power into the system, occasionally receiving — or "mining" — new bitcoins in return. Drumming up that computational power usually means lots of computers — and thus lots of electricity. That desire for energy has created a gold rush for bitcoin in Iceland.

'Big Bitcoin Heist': 2 held over stolen computers in Iceland

A prisoner in Iceland suspected of masterminding the theft of about computers used to mine bitcoin has managed to escape custody and flee the remote North Atlantic nation on a passenger plane. Police said surveillance footage showed a suspect they identified as Sindri Thor Stefansson boarding a passenger plane to Sweden on Tuesday morning. Stefansson was among 11 people arrested earlier this year for allegedly stealing the powerful computers. A passenger on the flight the escaped inmate allegedly caught told national broadcaster RUV that Iceland's prime minister was also on the plane.

Bitcoin heist: 600 powerful computers stolen in Iceland

More than cryptocurrency mining devices have been stolen in Iceland in what local police are calling a "highly organized crime", according to The Associated Press. The devices, as yet unrecovered, are worth almost 2 million USD. As a digital currency or cryptocurrency, Bitcoin operates without a central bank or single administrator. Bitcoins are not issued or backed by any governments or banks, and Bitcoin is not considered to be legal tender, although they do have status as an acknowledged transfer of value in some jurisdictions. Rather than composing a physical currency, Bitcoins are pieces of code that can be sent and received across a kind of distributed ledger network called a blockchain. Transactions on the Bitcoin network are confirmed by a network of computers or nodes that solve a series of complex equations.

Inside “The Big Bitcoin” Heist In Iceland – 600 Mining Computers Stolen

Source: pexels. Believe it or not, but one of the biggest scandals in the history of Bitcoin took place in Iceland. The theft was not the first of a kind. Police registered at least four related incidents between December and January A few days after his arrest, Stefansson escaped and fled the country on the same plane taking Prime Minister Katrin Jakobsdottir to a political meeting in Stockholm. In the summer of , Sindri Stefansson got genuinely interested in mining Bitcoin.

Suspect in Iceland's 'Big Bitcoin Heist' escapes prison

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Bitcoin heist suspect flees Iceland on flight carrying PM: state broadcaster

RELATED VIDEO: Iceland's 'Big Bitcoin Heist' Suspect Has Been Arrested

Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the "Big Bitcoin Heist. But if the stolen equipment is used for its original purpose — to create new bitcoins — the thieves could turn a massive profit in an untraceable currency without ever selling the items. Three of four burglaries took place in December and a fourth took place in January, but authorities did not make the news public earlier in hopes of tracking down the thieves. Bitcoin is a kind of digital money that isn't tied to a bank or a government.

Subscriber Account active since. LONDON — A suspect at the centre of an investigation into a bitcoin-related heist in Iceland has reportedly escaped jail and fled to Sweden on a plane. Icelandic news provider Visir reports that Sindri Thor Stefansson escaped from an open prison where he was being held on Saturday. The prison was not guarded by a fence and prisoners are trusted to remain within the facility. Stefansson was later identified in CCTV footage at an Icelandic airport and is believed to have flown to Arlanda airport in Stockholm, Sweden's capital, using either forged or stolen documents.

You could not make this up. On her plane presumably would have been the normal official delegation entourage of aides, ministers and security. What nobody knew — not the prime minister, the airline or even Icelandic police — was that also on the flight was Sindri Thor Stefansson.