Tag Archives: Theft

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

Culprits Apprehended In Alleged Icelandic Bitcoin Miner Theft

Icelandic information technology service Advania has confirmed with their security footage that the police have apprehended the right two men for the three burglaries at data centers in Iceland last December and January, local news outlet Visir reported Feb. 21. Visir had earlier reported that there were three burglaries in total, from a period of Dec. 5, 2017 to Jan. 16., 2018, and that 600 graphics cards, 100 power supplies, 100 motherboards, 100 memory discs, and 100 CPU processors had been taken from a house in the municipality of Reykjanesbær. The burglars also broke into data centers in municipality of Borgarbyggð, with a total of 600 PCs stolen from both places. Advania announced that the thieves had broken into a new building under construction in Reykjanesbær in mid-January, but that the building had fortunately been well-covered with security cameras. Advania told Visir that what was stolen was “not a device that stores data and there was only a financial loss,” but that they cannot specify what kind of equipment was stolen due to the ongoing investigation. Several of Advania’s data centers are designed specifically for Bitcoin (BTC) mining, and Iceland as a country has become a hotspot for crypto miners drawn to the naturally cold climate and access to renewable sources of energy.

Reference: https://cointelegraph.com/news/culprits-apprehended-in-alleged-icelandic-bitcoin-miner-theft