Former Insider Gets 32 Months in Prison Over 20 Bitcoin Ransom Demand
- —Rhyne was sentenced to 32 months in prison in Trenton federal court on September 28, 2026
- —He scheduled deletion of admin accounts, password changes and server shutdowns
- —The ransom demand was about 20 BTC, then worth roughly $750,000
- —He pleaded guilty to extortion and intentional damage to a protected computer
Why it matters: The case highlights insider threats and bitcoin ransomware as persistent risks for companies, with courts handing down real prison terms.
Source: Blockonomi