..

Bitcoin Heist Suspect has Likely Fled to Sweden

Written by:
Guest
Published on:
Apr/19/2018

STOCKHOLM — (Associated Press) - A man suspected of masterminding the theft of about 600 computers used to mine bitcoins and other virtual currencies has likely fled to Sweden after breaking out of a prison in Iceland, officials said Wednesday.

Swedish police spokesman Stefan Dangardt says no arrest has been made in Sweden but Icelandic police have 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.

Icelandic officials said it was unlikely that Stefansson had to show a passport at the airport since he traveled within Europe’s passport-free Schengen travel zone but the plane ticket he used was under someone else’s name.

Non-European Union member Iceland is member of Europe’s borderless travel area.

Stefansson was among 11 people arrested for allegedly stealing the powerful computers in a series of four burglaries in December and January in what is considered Iceland’s biggest-ever heist.

This Oct. 15, 2014 photo made available by The Reykjavík Metropolitan Police shows Sindri Thor Stefansson. Icelandic police have informed their Swedish colleagues that a man suspected of masterminding the theft of about 600 computers used to mine bitcoins and other virtual currencies, likely fled to Sweden after a prison break, officials said Wednesday April 18, 2018. (The Reykjavík Metropolitan Police via AP) (Associated Press)

The stolen equipment, which still is missing, has been valued at almost $2 million. Icelandic media have the case the “Big Bitcoin Heist.” If used for its original purpose — to create new bitcoins — the thieves could turn a massive profit in an untraceable currency.

Police have arrested 22 people altogether, including a security guard, without solving the burglaries.

The escaped prisoner was being held at the Sogn prison in rural southern Iceland, 95 kilometers (59 miles) from the airport. The prison is unfenced and inmates have telephone and internet access.

Stefansson had been in custody since February. He was moved to the open prison 10 days ago, police said.

“He had an accomplice,” Police Chief Gunnar Schram told Visir, an online news outlet in Iceland. “We are sure of that.”

A passenger on the same flight to Sweden as the inmate told national broadcaster RUV that Iceland’s prime minister, Katrin Jakobsdottir, was also on that flight.
ADVERTISING

Jakobsdottir was among five Nordic prime ministers who met with India’s prime minister Tuesday in Stockholm.

Business/Financial News

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the U.S. central bank to set up a digital currency is that it could undercut the need for private alternatives such as cryptocurrencies and stablecoins.

Syndicate