Engineer Sentenced in Bitcoin Extortion Case
Decrypt.co reported that Daniel Rhyne received a 32-month sentence after locking his company's IT administrators out of its network and demanding 20 BTC to stop the shutdowns.
Decrypt.co reported that Daniel Rhyne was sentenced to 32 months in prison in connection with a Bitcoin extortion plot against his own employer.
According to the report, Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns.
Key Takeaways
- Decrypt.co reported that Daniel Rhyne received a 32-month sentence.
- Rhyne locked his company's IT administrators out of its network.
- He demanded 20 BTC, then worth $750,000, to stop the shutdowns.
Context
The case involves alleged misuse of access to a company's network in an attempt to pressure the employer into paying Bitcoin. Extortion cases involving cryptocurrency often center on threats to disrupt systems or withhold access until payment is made.
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