Iceland Bitcoin Heist Suspect Flees the Nation by Aircraft

Bitcoin mining has at all times been an trade which attracts each professional operations and folks with lower than trustworthy intentions. In Iceland, a bunch of individuals not too long ago stole 600 ASIC miners, and the police launched an investigation and made a number of arrests. One of many suspects has now fled the nation to Sweden, though it stays unclear how he escaped jail precisely.

The Iceland Bitcoin Mining Heist

It’s evident that folks with lower than trustworthy intentions typically make a long-lasting affect on the Bitcoin trade as a complete. Within the case of a latest {hardware} heist in Iceland, it’s shortly turn into obvious that this was a multi-person operation. It’s bodily unimaginable for one particular person to efficiently steal 600 Bitcoin ASIC miners with none assist from different thieves and even folks working on the facility the place all of this went down.

Whereas stealing a number of items of Bitcoin mining {hardware} is just not essentially unprecedented, a theft on this scale is fairly uncommon. A number of dozen items of {hardware} have been stolen from a knowledge middle in Iceland, which additional confirms somebody needed to have helped the suspect who not too long ago fled the nation. The latter individual goes by the title of Sindri Thor Stefansson.

Stefansson not solely managed to flee jail, however he additionally boarded a flight from Iceland to Sweden. This was allegedly performed utilizing a passport in another person’s title, which raises all types of questions. This solely additional fuels hypothesis that there was not less than one confederate concerned on this heist, though it’s potential that much more folks have been concerned on this scheme.

Whereas Stefansson was stored at a low-security jail, he shouldn’t have been in a position to escape. For some purpose, the guards didn’t report him as lacking, so a good few particulars should not including up as of proper now. With a complete of 11 folks having been arrested, Stefansson definitely stands out as an individual who has one thing to cover.

Moreover, one may simply argue that people like Stefansson ought to be stored at prisons with no fences and no entry to both telephones or the web. Whereas stealing Bitcoin mining {hardware} might not be the worst of crimes, it’s nonetheless one thing that ought to be handled like a significant offense. The failure to take action allowed this particular person to flee, and nobody is aware of the place Stefansson will head subsequent.

How this prison investigation will pan out within the coming weeks and months stays to be decided. It’s evident that Stefansson is only a cog within the machine that’s this Bitcoin heist, however one shouldn’t deal with this as a minor incident by any means. It doesn’t have an effect on the recognition of Iceland as a significant Bitcoin mining hub, nevertheless it additionally highlights why cryptocurrency mining will stay a considerably troubled trade in the interim.

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