News of the day is that crooks have stolen 600 powerful computers from data centers in Iceland to use in Bitcoin mining. At the time, the computers, that are worth almost $2 million, have not yet been found.
“Some 600 computers used to “mine” bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation.” reads the post published by The Associated Press.
The thieves have stolen 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory to use in the proficuous activity.
The Icelandic media dubbed the crime the “Big Bitcoin Heist,” the authorities have arrested 11 people, including a security guard.
A judge at the Reykjanes District Court on Friday ordered two people to remain in custody.
“This is a grand theft on a scale unseen before,” Police Commissioner Olafur Helgi Kjartansson said. “Everything points to this being a highly organized crime.”
The thefts occurred between late December and early January, the members of the gang were identified thank the surveillance cameras used by the server company Advania.
Advania suffered two of the four thefts, the company had been offering its customers access to bitcoin-mining rigs, for this reason, crooks targeted the firm.
The police are searching any evidence to track the thieves, authorities are also tracking energy consumption across Iceland in case they turn on their computers. A spike in the energy consumption could reveal their location if the thieves don’t take measure to avoid being tracked.
“Police tracking the stolen computers are monitoring electric consumption across the country in hopes the thieves will show their hand, according to an industry source who spoke on condition of anonymity because he is not allowed to speak to the media.” concluded the Associated Press.
“Unusually high energy usage might reveal the whereabouts of the illegal bitcoin mine.”
Iceland is a good place where find cheap, renewable energy for crypto mining activities.
Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer.
Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US.
Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines.
Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.