Ransom News

A former YouTuber has been sentenced to 50 years in prison for masterminding a kidnapping that demanded $100,000 in BTC for the victim’s safety.

An alleged “The Dark Overlord” hacking collective member has been extradited from the U.K. to face charges in the United States.

Authorities in Johannesburg are holding firm in their refusal to pay a ransom of 4 Bitcoin to hackers who targeted municipal systems last week.

Cybercriminals earned $1.2 million in Bitcoin through “sextortion” and bomb threat email scams in the last 12 months, according to a recent report.

Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of fraud in connection with the recent coinburn.

The kidnappers of a 13-year-old boy in South Africa have demanded a “non-negotiable” ransom of 15 BTC, worth around $120,000.

Another case of fraud involving Bitcoin surfaces in India as Wipro receives a $78 mln ransom demand.

The banks are now coming to terms with the view that it is cheaper to pay off criminals than risk ferocious cyber attacks on a high scale.

According to a cyber-security survey, 33% of UK companies are buying Bitcoin in anticipation of ransomware attacks. This comes after a Canadian university paid 20,000 Canadian dollars in Bitcoin for the encryption keys to their data this week.

Cointelegraph stongly advises NOT to fulfill any email demands coming from scammers calling themselves the Syrian Electronic Army (SEA), a division of ISIS.

ProtonMail, an open-sourced encrypted mail service founded by MIT and Stanford engineers at the CERN research facility, has suffered from a series of extremely powerful DDoS attack from unknown hackers