Icelandic Bitcoin Mining Thief Jailed for Stealing $2 Million in Equipment and Fleeing Custody

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Icelandic Bitcoin mining equipment thief, Sindri Þór Stefánsson, was sentenced to four and a half years in prison on Jan. 17th. He was re-apprehended in the Netherlands after he fled custody and boarded a flight to Stockholm from Reykjavik in April 2018.

In total, this equipment likely composed roughly 100 mining rigs.

After first being apprehended, Stefánsson then escaped from Sogni prison on Apr.

16, 2017 with police confirming that he fled Iceland to Stockholm.

Stefánsson was later re-arrested in Amsterdam and returned to Iceland.

Stefánsson claimed he legally fled custody to Sweden.

The sentence for Stefánsson is the longest, in comparison to his co-accused partners Matthias Jón Karlsson and Hafþór Logi Hlynsson.

In a statement, Stefánsson said he believed he was free to travel.

Seven people in total were charged in the case with other defendants getting smaller sentences.

It goes to show, the theft of tangible mining equipment is quite a bit harder than cryptocurrency's digital counterparts.

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