Some 600 computers used to “mine” bitcoin and other virtual currencies were stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic nation. Also Read - WazirX down: How to transfer money from WazirX wallet to your bank account?
Eleven people were arrested, including a security guard as part of what Icelandic media have dubbed the “Big Bitcoin Heist.” A judge at the Reykjanes District Court on Friday ordered two people to remain in custody. Also Read - Dogecoin explained: What is it, how to buy in India
The powerful computers are worth almost USD 2 million. Also Read - Indians could soon be penalised for holding Bitcoin, says new report
But 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.
Bitcoin is a kind of digital money that isn’t tied to a bank or a government. (AP) CPS 03030023
This is published unedited from the PTI feed.