From Iceland To China

The seized equipment is being linked to a series of thefts in Iceland late last year.

Three separate incidents spanning from December to January led to a total of 600 computers being stolen by a number of culprits.

The Associated Press reported that eleven people were initially arrested, while two men were kept in custody for the burglaries - one of which took place in January at a data center that was housing computers used for Bitcoin mining.

Icelandic IT firm Advania produced surveillance footage of thieves stealing computers from a data center in Reykjanesbær in January, which positively identified the two men that were in custody, according to local news outlet Visir.

Police had asked IT service providers, electricians, and storage units in the country to report any unusual spikes in power use in the hopes they could track down the stolen mining computers.

Two months later, Chinese police seized 600 computers in Tianjin in what seems to be more than just a crazy coincidence.

Given that the number of computers is exactly the same, there's a good possibility they could be the PCs from Iceland.

Icelandic police have reached out to Chinese authorities to try and link the two cases.

This could then be cross-checked with the computers seized in Tianjin to positively link the hardware.

With numerous suspects being investigated in both China and Iceland, authorities have the chance to apprehend criminals that are preying on the cryptocurrency community.