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A thief based in Iceland, suspected of a grand theft of equipment dedicated to Bitcoin mining activities ran out of jail, according to Iceland Monitor.

The announcement was made yesterday, 17th April 2018.

The suspect’s name is Sindri Þór Stefánsson, formerly jailed in Sogni prison. The police have confirmed to the local media that the prisoner fled to Stockholm, Sweden. They assume that the guilty man would have used a fake ID to take off from the Keflavik International Airport.

Also, the police announced that the suspect had landed in Sweden. Currently, the Icelandic authorities are working side by side with the Swedish authorities to find and return Stefánsson back to prison. The arrest warrant has already been issued in accordance with the legislation in force.


We want to mention that the culprit is not recognized to be dangerous.

The value of theft reaches $ 1,990,000

The culprit who was placed in jail since 2nd February 2018 is suspected of stealing “600 PCs, 600 graphics cards, 100 power supplies, 100 motherboards, 100 memory drives, and 100 CPU processors” from mining centers based in the South West and North West of the country. According to official reports, the incident took place between 5th December 2017 and 16th January 2018.

The total estimated value of the stolen equipment is 200 million krónur, approximatively $ 1,990,000. According to Iceland Magazine, this theft is recognized as “one of the biggest criminal cases in Icelandic history“.

The local authorities have not yet been able to identify the stolen equipment, that’s why the police will carry out a more thorough investigation into the case.

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