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.

Deloitte Luxembourg to Trial Bitcoin Payments for Staff Lunches

Neil Dennis

Deloitte, one of the so-called "Big Four" audit and consulting firms is to allow its staff to pay for their lunch in bitcoin, the Luxembourg Times reported on Tuesday.

While the firm does not plan to allow clients to pay for its services in bitcoin in the near future, the company said it was pleased to allow the lunchtime trial for its staff to "assess this new technology" in the company canteen.

While it doesn't transact in bitcoin, Deloitte has been active in developing blockchain technology for its fund management business.

PwC to Accept Bitcoin

The Luxembourg branch of Big Four rival, PwC, announced in early September it would accept bitcoin payments from its clients from the beginning of October. 

PwC said in a press release it was making the move to acknowledge the needs of its clients and the increasing adoption of crypto in Luxembourg. It added:

Our role is to lead and it is only by being an active leader with exposure that we at PwC Luxembourg can understand the challenges inherent to the crypto world.

 

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