Icelandic police accused seven people of conspiring to steal mining equipment in the area. Icelandic prosecutors accused the suspects of stealing equipment worth more than US$871,000, and three other mining companies also appealed against them and claimed US$1.7 million.
In April, Amsterdam police arrested a man named Sindri Thor Stefansson suspected of stealing bitcoin mining equipment worth millions of dollars in Iceland. According to a report (rough translation) of court documents submitted by the Icelandic prosecutor, Stefansson and 6 others were charged with 10 counts. The seven individuals will be charged with illegal possession of weapons, cocaine and theft of more than $2 million worth of Bitcoin mining equipment. The legal document reported on the website Modern Consensus stated that Icelandic officials accused the gang of stealing equipment worth $871,819. After an appeal, a group of judges will try the case. The law firms representing the other three mining equipment companies will also appeal the gang and demand compensation of US$1.7 million.
YwnO1ZcoqF851LTLcpHDcdksLMA1452617761195_200x200-150x150 The gang stole 100 mining machines from Algrim Consulting Company on December 5, 2017, and continued to steal Bitcoin mining companies. The theft gang tried to steal the Borealis Data Center (BDC), but the operation failed that night because an alarm was triggered. According to the Iceland police, the gang tried again to steal BDC a few days later, but did not succeed. After several attempts to steal BDC, Stefansson, Viktori Inga, Peter Stanislav and MatthÃasi Jóni ransacked the VK data center in Borganes and stole a total of 28 Bitmain Antminers. After successfully looting the mine in Borgarnes, the gang tried to steal BDC again the day after Christmas, and one of the suspects managed to enter the mine. However, the BDC alarm once again scared away the thieves.
Successfully carried out the advania mine robbery after several failed burglaries,According to documents obtained by Modern Consensus columnist Brendan Sullivan, the Icelandic prosecutor said that on January 16, 2018, the four men hired three more to rob the Advania mine. With the assistance of Nie Ying, they stole 225 fully functioning Bitmain mining machines. They were said to be wearing safety uniforms at the time of the theft. This is the largest theft case carried out by the gang, and the entire theft process took only a few hours.
It was reported that the "informant" provided the thieves with a secure access code and a floor plan of Advania. Icelandic police arrested two members of the gang on February 1, 2018, who were holding illegal narcotics guns and more than half an ounce of cocaine. At that time, one of the suspects confessed to the police about Stefansson and his gang, so that the police could trace every member of the organization.
The seven people were charged with stealing 350-600 Antminers and other brands of mining machines.
An "Icelandic legal expert" familiar with the case explained that the prosecution is cooperating with a private law firm hired by the miners. Stefansson and all members of the crime were prosecuted for successfully committing theft against Algrim Consulting and Advania Mining, but they will also face charges of attempted and conspired burglary against BDC. After Stefansson is arrested again in Amsterdam, he will also face charges of escaping from the "low security" Iceland. It is worth mentioning that the time of the theft was when the price of cryptocurrency reached a record high. This means that miners not only lost equipment, but also lost considerable mining revenue. This big robbery shows that miners need to ensure the safety of mining equipment and conduct strict management. Hundreds of mining machines were stolen at a time, but a lot of money was lost.
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