Blackmailing Bitcoin Scam Targets Porn Viewers, Cornell Professor Suggests It’s “Bluff”

Omar Faridi
  • A new crypto email scam attempting to extort $1,900 in bitcoin from porn viewers has surfaced.
  • Cornell professor Emin Gün Sirer shared the threatening email on social media

A new bitcoin scam has reportedly surfaced. In it, porn viewers are blackmailed by malicious actors who are attempting to extort $1,900 from the victims. The scammers are demanding to be paid only in Bitcoin (BTC). Through the use of malware, the scammers claim to have recorded footage of their targets watching porn.

The scammers begin to exploit their victims by first sending them an email that contains the users’ passwords or other private information. These passwords might have been obtained after company servers the victims use were hacked. They’re presented as “proof” that their computer has been compromised. At this point, whether or not the blackmailing videos even exist has not been confirmed.

Engaging in “CryptoBlackmail”

The scammers’ threatening e-mail further notes that a remote control desktop application has been installed on the porn watcher’s computer. This, the bad actors claim, allows them to remotely access the user’s computer and obtain video of them watching adult content.

Additionally, the scammers claim they have gained access to the user’s email contacts and that they will broadcast the compromising videos to everyone if they don’t get paid. They further offer “proof” by stating the footage will be sent to nine initial contacts if the user wants it.

To prevent this, the blackmailers demand $1,900 in BTC. Some analysts suggest this may all just be bluff. Cornell University’s computer science professor Emin Gün Sirer shared a copy of the emailhe said was forwarded to him by a friend.

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Sirer called the scamming tactic a type of “cryotoblackmail” and advised the recipients of these emails to not send money to the scammers or engage in any type of negotiation with them.

Sirer, a well-known cybersecurity expert who accurately predicted a serious vulnerability in the Ethereum-based DAO in 2016, claims that the blackmailing message was likely sent to those subscribed to the haveibeenpwned list, which is compiled of databases from various well-known breaches.

Bitrefill Mocks Traditional Financial System in April Fools Joke

Michael LaVere
  • Cryptocurrency payment service Bitrefill has announced a rebrand to fiat on April 1. 
  • The company is embracing a new policy of unlimited government bailout and stimulus. 

Cryptocurrency payment service Bitrefill has announced a rebranding mocking fiat currency as apart of its April Fools joke.

Bitrefill, which allows users to spend crypto on products and services, poked fun at the traditional financial system and its propensity for printing new money.  According to a Medium post published April 1, the company played around an intention to rebrand its identity to Brrrrrefill and offer clients “fiat-style bailouts with gift cards.” 

The post says Brrrrefill is looking forward to “unlimited money and liquidity injections,” from the Fed, Bank of England and EU amidst central banks responding to the economic crisis of the coronavirus. The company’s new business model will embrace “accelerationist policies” by world leaders and provide stimulus to their end goal of global “hyperbitcoinization.”

CEO “Serrrgej” Kotliar commented, 

If the world’s central banks are firing up their printers into overdrive, we will do the same. Brrrrefill will be ready for this new economic paradigm by firing up our gift card and digital voucher printing presses to meet the demand of these endless injections of trillions in fiat stimulus.

Brrrrefill played it intended to pay all of its company’s expenses with credit cards moving forward and advocates for endless bailouts and stimulus. 

Featured Image Credit: Photo via Pixabay.com