According to legend, Loftur Þorsteinsson supposedly found the Rauoskinna in Gottskalk Nikulausson's hidden tomb in the 1700s. For whatever reason, he attempted to leave Iceland with the book. Gottskalk had cast a spell of protection that bound spirits to discourage it from falling into the wrong hands. As a result, even minor ghosts exhibited highly aggressive behavior. Thus, the Spirits of the Ocean attacked Loftur's boat. He was presumed lost at sea and the Rauoskinna washed ashore and was returned to the hidden tomb.
At least one of the spirits appeared to be a giant octopus.
- Loftur Þornsteinsson and the story of his search for the book and being dragged underwater from his fishing boat was the subject of actual legend. Some claim it was suicide instead. He was never heard of after 1722 according to record.
- Egon Spengler (2016). IDW Comics- "Ghostbusters International #5" (2016) (Comic p.5). Egon Spengler says: "The clues were deciphered nearly 200 years after Nikulausson's death by the sorcerer Loftur Þorsteinsson, who found the grave, and the book... but it was attacked by the Spirits of Ocean itself when he tried to leave Iceland with it."