Big Bitcoin Heist – 600 bitcoin mining computers stolen in Iceland

Big Bitcoin Heist – 600 bitcoin mining computers stolen in Iceland

Big Bitcoin heist – Somewhere around  600 bitcoin mining computers have been stolen in Iceland, in what is being described as one of the biggest thefts ever in the small island nation.

big bitcoin heist

A total of 11 people have been arrested so far after four burglaries in the Reykjanes peninsula.

The computers are yet to be found and are believed to be worth almost £1.5m.

Icelandic media have dubbed the crime the “big bitcoin heist” and the thieves could potentially make more money if they use the computers to mine the cryptocurrency and then sell it.

“This is a grand theft on a scale unseen before,” police commissioner Olafur Helgi Kjartansson said, NBC reported. “Everything points to this being a highly organized crime.”

Bitcoin hit the news last year after its value increased by more than 20 times from below $1,000 to a peak of more than $20,000.

Police tracking the stolen computers are monitoring electric consumption across the country in hopes the thieves will show their hand, according to an industry source who spoke on condition of anonymity because he is not allowed to speak to the media.

Unusually high energy usage might reveal the whereabouts of the illegal bitcoin mine.

Authorities this week called on local internet providers, electricians, and storage space units to report any unusual requests for power.

In Edinburgh on Friday, Bank of England Governor Mark Carney launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.

In a speech to the Scottish Economics conference, Carney said a “global speculative mania” has “encouraged a proliferation of new cryptocurrencies” and said they should be held to the “same standards” as the rest of the financial system.

“Being part of the financial system brings enormous privileges, but with them great responsibilities,” Carney said.

Big Bitcoin Heist – 600 bitcoin mining computers stolen in Iceland

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