Bitcoin Mining Hardware Thief Escapes from Prison

If the stolen equipment is used for its original purpose- to create new bitcoins- the thieves could turn a massive profit in an untraceable currency without ever selling the items

Sindri Thor Stefansson is thought to have fled a low-security prison through a window and boarded a flight to Stockholm which was also carrying Iceland's Prime Minister.

The suspected mastermind behind the theft of 600 computers used to mine bitcoin in Iceland has escaped from prison and fled to Sweden on an aeroplane reportedly carrying the Icelandic prime minister.

Swedish police have confirmed that their Icelandic counterparts warned them that Stefansson had entered their jurisdiction, however, according to the Associated Press, no arrests have been made there.

Although Iceland is not part of the European Union, the visa-less travel to its citizens is permitted in the Nordic region as Reykjavik is part of the Schengen Zone.

Iceland's Prime Minister Katrin Jakobsdottir was on her way to Sweden to take part in a meeting between five Nordic prime ministers and India's Prime Minister Narendra Modi.

A passenger told national broadcaster RUV that the only notable thing about the flight from Keflavik appeared to be the presence of Ms Jakobsdottir, the 41-year-old Left-Green Movement leader.

Stefansson was among 11 people arrested for allegedly stealing the powerful computers in a series of four burglaries in December and January. The stolen equipment, which still is missing, has been valued at nearly $2 million.

An global arrest warrant has been issued for the Stefansson.

Ten days before his escape he had been transferred to Sogn open prison in rural southern Iceland, some 95km (59 miles) from Keflavik's global airport.

To fugitive managed to use another man's passport to board the plane, however, he was since recognised on airport CCTV.

Inmates at the prison, which has no fencing, have access to phones and internet. 'We are sure of that'. Stefansson was transferred to Sogn 10 days ago after being in custody since February, authorities said.

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