A Melbourne man is currently facing extortion charges after allegedly threatening to start a bushfire if a considerable amount of cryptocurrency was not transferred to him within three days. The 27-y...
Tag: Extortion
Aussie man threatened to start bushfire in crypto extortion attempt, police say
An Australian man has been charged with extortion for giving authorities in Queensland a fiery ultimatum: hand over $5 million AUD ($3.4 million) in crypto or he would intentionally start a bushfire. ...
Ransomware Revenue Drops Amidst Less Successful Extortion Attempts: Chainalysis
2022 has been a turbulent year. One good thing to come out of it is that – ransomware earnings are significantly down. Attacks on the crypto industry remain rampant. However, data suggests that victim...
Coinbase clarifies bug bounty policy in response to Uber extortion verdict
In a blog post on Nov. 30, Coinbase sought to clarify its bug bounty program policies in response to the recent Uber data breach verdict. The company stated that it still welcomes “responsible” disclo...
Coinbase Foils Extortion Attempt Against Its Crypto Exchange, Reinforces Bug Bounty Program
“This is an absolutely baseless extortion attempt. The individual is falsifying information to come across as legitimate, and they’re just trying to extort money out of companies. I’m sure...
Dollar Hits 20-Year High After Russia Mobilizes More Troops
Text size Russian President Vladimir Putin accused the West of nuclear blackmail against Russia. Alexei Druzhinin/SPUTNIK/AFP/Getty Images The U.S. dollar rose to 20-year highs early Wednesday after R...
Monero Becomes First Choice Of Ransom Payments: “double extortion” Ransomware Attacks Increases By 500%
CipherTrace, a blockchain analytics firm, has revealed the growing influence of privacy-focused crypto assets such as Monero in the growth of ransomware. The report titled “Current Trends in Ransomwa...
Monero’s crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in ...