Iceland Bitcoin-mining Heist Mastermind Arrested In Netherlands

The suspected mastermind behind the theft of $2 million worth of bitcoin mining equipment who escaped an Icelandic prison last week has been arrested.

Sindri Thor Stefansson was arrested from the Netherlands capital Amsterdam Sunday night, reports said quoting police.

Stefansson will be taken to the District Prosecutor’s Office in the city. It is not known when he will be flown to Iceland.

An international arrest warrant had been issued against Stefansson after he escaped from a minimum-security prison in rural southern Iceland on April 17.

He boarded the flight from the international airport in Keflavik using a pseudo ticket. Flying within Europe’s Schengen travel zone is passport-free.

Stefansson and 10 others were arrested in February suspected of involvement in what was dubbed by local media as the “Big Bitcoin Heist”.

In four separate heists, 600 bitcoin mining computers from data centers around Iceland were stolen and have yet to be found.

At the time of the thefts, Icelandic police said Stefansson was suspected to be the kingpin of the apparent highly organized crime.

Stefansson was transferred to Sogn open prison earlier this month.

It has no fences, and inmates are allowed access to phones and the internet.

Earlier, in a mail sent to Icelandic newspaper Frettabladid from his hide out, Stefansson alleged he was held in custody with no evidence for months. When his remand term expired on April 16, police sought extension of his custody by another 10 days, but a judge deferred that decision for another day. And Stefansson claimed that he broke the jail when he was legally free to go.

by Joji XavierRTTNews Staff Writer

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