Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer
- —Rhyne demanded 20 BTC, about $750,000 at the time, by December 2, 2023
- —He threatened to shut down 40 company servers a day for 10 days
- —The attack came from a hidden virtual machine with the password TheFr0zenCrew!
- —Investigators tied the machine to him via his company laptop and access logs
Why it matters: The case highlights insider threats and Bitcoin-based extortion as a persistent risk for corporate networks.
Source: Decrypt
More on this
Markets · Sep 21Bitcoin Hits 9-Month High of $85,299 as $450M in Shorts Get Liquidated
Security · Sep 29Ex-LA County deputy sentenced to 21 months for aiding crypto extortion scheme
Security · Sep 25Cybercriminal plotted crypto robbery from Scottish jail while wanted in US Bitcoin fraud probe