Mining Farm Heist Suspect to Leave Prison Thru a Window

Sindri Thor Stefansson, one of the 11 arrested, which are suspected in heist of 600 mining PC, fled a low-security prison thru a window and flew to Sweden
18 April 2018   1476

A man suspected of stealing about 600 computers that were used to mine cryptocurrencies, fled the Icelandic prison and, perhaps, flew to Sweden. This is reported by Bloomberg.

According to the representative of the Swedish police Stefan Dangardt, the fugitive was not found yet in Sweden ,but the Icelandic police instructed them about the situation and issued an international warrant for arrest.

In the opinion of the Icelandic police, Sindri Thor Stefansson fled from a weakly guarded prison through a window and boarded a flight to Sweden at the international airport in Keflavik.

The Icelandic authorities say that Stefansson hardly needed to show a passport at the airport, because he moved within the European Schengen zone, but his ticket was bought in the name of some other person. Iceland is not a member of the EU, but is one of the countries that signed the agreement on the Schengen zone.

Stefansson was one of 11 people arrested for stealing computers during a series of 4 robberies that occurred in December and January. This crime is considered the largest robbery in the history of Iceland.

The total cost of stolen equipment, which is still not found, is estimated at $ 2 million. Icelandic media have called the crime "Big Bitcoin-robbery".

In total, the police detained 22 people, including a security guard, but the case is still unclear.

The escaped prisoner was detained in the Sogn prison, located in a rural area in the south of Iceland, 95 kilometers from the airport. This prison is not fenced off, and prisoners in it have access to the telephone and the Internet.

Stefansson has been in custody since February this year. According to the police, he was transferred to a new open prison 10 days ago.

He had an accomplice. We are sure of that.

Gunnar Schram

Police Chief

The national RUV television channel also reported that the passenger of the same flight to Sweden was  Katrin Jakobsdottir, the Prime Minister of Iceland, who flew to Stockholm for a meeting with the Prime Minister of India.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   110

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.