‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft

Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment.

Ringleader Sindri Stefanson bagged the longest sentence with a jail term of four-and-a-half years. In all, seven people were charged in the case that saw over 600 cryptocurrency mining rigs stolen. The equipment, which was valued at ISK 96 million (roughly $800,000) has still not been found, with speculation that it could be in China.

The thieves stole the items over the course of three trips spanning a few weeks beginning on December 5, 2018. Mastermind Stefansson achieved global notoriety after his initial arrest when he escaped from his prison cell in Iceland and boarded a commercial flight to Stockholm, Sweden. From there, he connected to Germany via train, ferry, and taxi, but his luck ran out in Amsterdam where he was apprehended after having been declared an international fugitive with his mugshot widely circulated.

Reference: https://www.ccn.com/big-bitcoin-heist-ringleader-jailed-for-massive-crypto-mining-rig-theft/

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