January 27, 2026

Capitalizations Index – B ∞/21M

Bitcoin Mining Hardware Thief Escapes from Prison

Bitcoin mining hardware thief escapes from prison

Bitcoin Mining Hardware Thief Escapes from Prison

Bitcoin mining hardware thief escapes from prison

The alleged thief behind Iceland’s “Big bitcoin Heist” has escaped from prison and escaped to Sweden.

Sindri Thor Stefansson, who is accused of stealing 600 cryptocurrency mining computers across at least four separate incidents between December 2017 and January 2018, allegedly flew to Sweden on a flight with Iceland’s prime minister, according to a report from The Guardian published Wednesday.

Police arrested a further 22 individuals as possible accomplices, though it is unclear how many remain in custody.

The heist – which resulted in the theft of an estimated $2 million worth of mining hardware – is the largest in Iceland’s history, as previously reported. At the time, officials called it “a highly organized crime” that was coordinated “on a scale unseen before.”

As such, Stefansson likely had help escaping, local police chief Gunnar Schram was quoted as saying. He told reporters that the alleged criminal “had an accomplice” to help him leave the low-security prison he was being held in and travel to the airport, located some 60 miles away.

The mining hardware has not yet been recovered, The Guardian further reported. The owners of the machines have offered $60,000 as a reward for anyone who can help locate the machines.

While a warrant is out for Stefansson’s arrest in Sweden, his whereabouts are reportedly unknown at this time.

Prison image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Published at Wed, 18 Apr 2018 18:00:17 +0000

News

Previous Article

‘Big Bitcoin Heist’ Icelandic Thief Escapes Custody…Through a Window

Next Article

‘Big Bitcoin Heist’ Suspect Escapes Prison in Iceland, Flees for Sweden

You might be interested in …

What is dfscoin?

What is DFSCoin?

What is DFSCoin? DFSCoin is an open-source P2P Crypto Currency for Daily Fantasy Sports sites. DFScoin acts as both an in game currency used to enter contests and as a payment processing network. The DFSCoin […]