Bitcoin [BTC] burglar escapes prison and absconds to Sweden, larceny worth £1.45

Sindri Thor Stefansson, the mastermind criminal, who was suspected and under custody for the theft of Bitcoin mining equipment’s worth 200 kronurs i.e. 1.45 million pounds, has fled the country. The local news titled it as the “Big Bitcoin Heist” as it was one of the biggest thefts in Iceland till date. He was suspected to have stolen 600 PCs, 600 Graphic cards, 100 motherboards, 100 power supplies, 100 memory discs and 100 CPU processors from mining agencies in the South West and North West of Iceland.

It was reported that he escaped through a window in Sogn prison. He had been using a fake ID and passport to move around the country. Stefansson was able to escape in the same plane in which the Icelandic Prime Minister traveled. After the despicable event, an international warrant was issued for his arrest.

Recently Iceland has become a hub for cryptocurrency mining and data centers because of its cold climate and massive source of renewable energy. This factor attracts lots of crypto-companies as it facilitates usage of high-powered computer equipment under lower cooling costs and least electricity prices. This is also luring crypto-criminals across the world, hence creating opportunities for crypto-crime.

Gunnlaugsson, a sociology professor at the University of Iceland said:

“Custody of a criminal of such high proximity in such low-security surroundings was unusual but more so was his organized escape.”

A Twitterati Henna Almavick stated that:


“It’s a shame that criminals are dealt with such ease, this not acceptable. Cryptocurrency is a global phenomenon. Hence security protocols have to re-established in Iceland as it offers a green space for a lot of crypto miners”

Owners of the stolen computers stated:

“$60,000 will be rewarded to anyone who can lead detectives to the stolen hardware.”

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