600 seized computers used for Bitcoin mining in China could well be the same 600 stolen from Iceland three months ago. Given the surge in popularity of cryptocurrencies over the past few years, mining has become a seriously lucrative endeavor. All over the world miners have set up operations, big and small, as they look to capitalize on dwindling Bitcoin rewards from processing transactions ... 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 […] 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 ... 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 ... Foiled supercomputer Bitcoin heist in Russian nuclear no-man’s land. In February, Russian security agents scored a coup against a group of nuclear engineers at a top-secret nuclear warhead facility who tried to use one of the country’s most powerful supercomputers to mine Bitcoin (BTC). The engineers worked at the Federal Nuclear Center in the western city of Sarov — formerly one of the ... Foiled supercomputer Bitcoin heist in Russian nuclear no-man’s land. In February, Russian security agents scored a coup against a group of nuclear engineers at a top-secret nuclear warhead facility who tried to use one of the country’s most powerful supercomputers to mine Bitcoin . The engineers worked at the Federal Nuclear Center in the western city of Sarov — formerly one of the ... Icelandic police have now issued an inquiry to further investigate the matter alongside Chinese officials, in hopes of connecting the Chinese case to the "Big Bitcoin Heist". 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.
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