Category: Bitcoin Mining

Bitcoin Miners Arrested for Alleged Power Theft

Allegations of electricity theft have reportedly led to the arrest of bitcoin miners and equipment seizures in two Chinese cities.

April 30, 2018
Chinese Police Seize 600 Bitcoin Mining Computers over Electricity Theft

Chinese Police in the northeastern port city of Tianjin have reportedly confiscated 600 bitcoin mining computers in a case of alleged electricity theft. The bitcoin mining equipment was seized after the local power grid operator reported an abnormally high spike in electricity consumption, China’s state-owned press agency Xinhua reported on Wednesday. The power company observed…

April 29, 2018
James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam

Amsterdam police have announced the re-arrest of Sindri Thor Stefansson. He was initially arrested days ago in Iceland in connection with a bitcoin hardware mining caper that included 600 computers worth $2 million. In a James Bond-like villain move, after his first capture he managed to escape, reportedly hitching a ride on a plane carrying…

April 27, 2018
Suspect In Iceland Bitcoin Mining Heist Arrested in Amsterdam

The Icelandic fugitive connected to a burglary of cryptocurrency mining hardware has been arrested by Amsterdam police. #NEWS

April 23, 2018