Mining

The Icelandic Bitcoin Mining Equipment Thief Escapes

The Icelandic Bitcoin Thief Escapes

 Sindri Þór Stefánsson, famous for masterminding and stealing hardware from a data center involved in cryptocurrency mining in Iceland has shocked the world once again. He has escaped the prison in Iceland where he was under police custody. He is reported to be in Stockholm, Sweden as of now.  The sneaky nature of Sindri has succeeded in his escape, but how long till he gets caught?

The crime Sindri pulled off, was not easy given that the hardware he took was not only many in number and large in size but also costly. The total estimate of the burglary was about 200 million krónur which are equivalent to $1,990,000. The series of robberies lasted from December 5th, 2017 to January 16, 2018. The crime consisted of 600 PCs, 600 graphics cards, 100 power supplies, 100 motherboards, 100 memory discs, and 100 CPU processors being taken away from a data center in the South West and North West part of Iceland.

As a result of his crime, he had been in police custody since February 2nd, 2018.

Sindri was found in surveillance footage to boarding a flight at Keflavik Airport where he was reported to use another man’s passport.

What makes the escape more strange is the fact that Iceland’s prime minister, Katrin Jakobsdottir was on the same flight as the escapee. Jakobsdottir was on his way to Stockholm to meet India’s prime minister, Narendra Modi.

Sindri has made a name for himself by being one of the 11 people arrested for carrying out the largest criminal cases in Icelandic history called the ‘Big Bitcoin Heist.’ He has created history once again by escaping Icelandic prisons showing their weak system.

Iceland has only a population of 340,000 people and one of the world’s lowest crime rates. But given that Sindri has exposed security loopholes, Iceland cannot be proud anymore!

Helgi Gunnlaugsson who is a sociology professor at the University of Iceland, said “Prison breaks in Iceland usually mean someone just fled to get drunk. The underworlds are tiny, and it is extremely difficult to hide, let alone flee the country.”

The stolen equipment has still not been found and could be used for cryptocurrency mining. If Jakobsdottir succeeds in his escape, he most probably will head towards the cryptocurrency mine where the stolen equipment is being used!

Iceland’s media has asked people to contact the police, describing Sindri as having an athletic build, measuring 192 cm, light brown hair and a ‘skegghýjungur’ which in Icelandic describes a short immature beard.

Image Source: “Pixabay”

Amrit Mirchandani,  A hustler, who believes there is a solution to every problem. A strong believer of Blockchain and a Cryptocurrency enthusiast!
Currently living in the Digital Hub of India, Pune and an extremely friendly and optimistic person. Born and raised in the beautiful island of Sri Lanka and have run businesses ranging from Agriculture to the Digital World. I have had crazy Experiences in Asian Busy towns like Mumbai and Kuala Lumpur to African nations such as Madagascar.

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