Thieves from the world’s biggest crypto mining heist sentenced

January 23, 2019
Darya Karatkevich

In 2018, equipment, priced at approximately $750 thousand, was stolen from Advania, a data center in Iceland.

The equipment was stolen in three trips throughout the month of December. After the heist, those involved later fled the country, possibly hiding themselves and the money in different locations. Currently, seven of the thieves were caught. The money has not yet been located.

One of the group’s leaders, Sindri Stefansson, was sentenced to four and a half years in Icelandic prison. He was able to escape from his first arrest, which made the national headlines. After the breakout, Stefansson took several modes of transportation to Sweden, then to Germany and finally landing in Amsterdam. In the final location, he was arrested because there was an international fugitive notice with his mugshot that was circulated to agencies worldwide.

While in Amsterdam and before being arrested for the second time, The New York Times interviewed Stefansson, where he shared that he had feelings of remorse over escaping prison and being on the run.

Another one of the crypto heisters, Matthías Jón Karlsson, was sentenced to two and a half years in prison for his part of breaking and entering into the data center.

Others involved in the heist were sentenced to under two years in prison.

Along with their sentences, a fine of approximately $272,000 was ordered to be paid to Advania.

Overall, over $1 billion in crypto funds have been lost to hacks and thefts in 2018 worldwide.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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