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The Hacker News - Cybersecurity News and Analysis: bitcoin heist

Suspected 'Big Bitcoin Heist' Mastermind Fled to Sweden On Icelandic PM's Plane

Suspected 'Big Bitcoin Heist' Mastermind Fled to Sweden On Icelandic PM's Plane

April 18, 2018Swati Khandelwal
Remember the " Big bitcoin heist " we reported last month when a group of thieves stole around 600 powerful bitcoin mining devices from Icelandic data centers? Icelandic Police had arrested 11 suspects as part of the investigation, one of which has escaped from prison and fled to Sweden on a passenger plane reportedly also carrying the Icelandic prime minister Katrin Jakobsdottir. Sindri Thor Stefansson , who is suspected of masterminding the whole theft of almost $2 million worth of cryptocurrency-mining equipment, traveled under a passport of someone else but identified through surveillance footage. Stefansson had recently been transferred to a low-security Sogn prison, located in rural southern Iceland (just 59 miles away from Iceland's international airport in Keflavik), from where he escaped through a window early Tuesday and boarded the flight to Sweden. Prime minister Jakobsdottir was on her way to Sweden to take part in India-Nordic Summit and meet Indi
FBI is Investigating Theft of $1.3 Million in Bitcoin from a Massachusetts Man

FBI is Investigating Theft of $1.3 Million in Bitcoin from a Massachusetts Man

October 15, 2016Swati Khandelwal
Over two months ago, the world's third largest Bitcoin Exchange Bitfinex lost around $72 Million worth of Bitcoins in a major hack. Shortly after the company encountered a $72,000,000 Bitcoin theft, an unnamed Bitfinex user from Cambridge, Massachusetts, filed a police report in September, alleging that $1.3 Million of funds were stolen from his account. Since then the Cambridge police have handed the case over to the FBI, which is working with the Bitcoin exchange as well as European authorities to recover funds stolen from the Bitfinex user, Coindesk reports . The individual claimed that he held $3.4 Million in Bitcoin in his personal wallet hosted by the Bitfinex Bitcoin exchange. But following the August's Bitfinex breach, he was left with $2.1 Million in his account. Bitfinex then notified the individual of his initial loss of approximately $1.3 Million in Bitcoin, but after the company issued IOU tokens as an emergency measure to keep the exchange operating, the l
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