Bitcoin thirst spurs Icelandic heist—“Grand theft on a scale unseen before”

Enlarge / Reykjanes is just southwest of the capital, Reykjavik. (credit: Jennifer Boyer)

Eleven people have been arrested in Iceland as a result of what local media are calling the "Big Bitcoin Heist"-600 mining computers were recently stolen from Icelandic data centers in four separate burglaries between December 2017 and January 2018.

According to the Associated Press, which cited Icelandic authorities, the heist is "the biggest series of thefts ever" in the island nation.

So far, a Reykjanes District Court judge ordered two of the 11 arrested individuals to remain in custody. Apparently, the specialized machines have not yet been located and are worth approximately $2 million.

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