Breaking Story: Bitcoin Scammers Email Bomb Threats, Causing Evacuations Across The U.S.

Kevin O'Brien

Numerous evacuations have taken place across the United States on December 13th after scammers sent bomb threat emails demanding bitcoin payment to a number of businesses, companies, schools, and other entities, according to reports.

No Evidence of Explosives Yet

As of press time, authorities indicated there is not any evidence so far of any explosives detonating or actually being placed. However, police are asking people to remain vigilant as they work through the threats.

It is not yet clear how far the email threat has spread, but law enforcement in numerous jurisdictions across the country have released statements on social media and other outlets about the situation.

The Federal Bureau Of Investigation said it is aware of the threats and remains in contact with law enforcement across the country.

 

 

Speculation is the messages are robo-emails that were sent out in a group. The New York Police Department indicated on Twitter how it looks like they were sent to “cause disruption and/or obtain money."

 

 

Bomb Threats Asking For $20,000 In Bitcoin

A number of people on Twitter posted screenshots of the threatening email sent by the bitcoin scammers.

 

 

The email is printed in an article by Heavy.com.

It begins declaring that “my mercenary” has placed a bomb in “the building where your business is conducted” that would wound many people upon detonation.

In order to “call off my man,” a payment of $20,000 in bitcoin must be made to an address listed in the message. The scammer says the guarantee to not detonate “will become valid only after 3 confirmations in blockchain.”   

Different Versions Of The Messages

According to The Verge, there seem to be multiple versions of the email, some of which list a different type of explosive material.

The actual bitcoin wallet also looks to vary across messages. The Verge also wrote that it was able to confirm at least three wallets. It is not yet clear if anyone has actually paid the ransom. 

Electric Capital: 'Monetary and Fiscal Stimulus Is Hastening' Crypto Adoption

  • Early stage crypto venture firm Electric Capital says government monetary and fiscal policies are expediting mainstream adoption for cryptocurrency. 
  • The firm highlighted a long term erosion in trust for fiat currencies coinciding with an increase in trust for cryptographic processes. 

Early stage crypto venture firm Electric Capital claims that recent monetary and fiscal stimulus has hastened bitcoin’s adoption. 

In an investor update, the firm argued governments around the world are hastening adoption for cryptocurrency with their unprecedented monetary and fiscal stimulus initiatives. 

The firm explained that bitcoin is emerging as a potential store of value versus the U.S. dollar. While some detractors say bitcoin’s short term correlation to U.S. equities has undercut its potential as a store of value asset, Electric Capital called this a “straw-man argument.”

The report reads, 

As we regularly state: Bitcoin is not a store of value today relative to USD. It is a potential store of value, as it has many (though not yet all) of the characteristics of an excellent store of value.

The report continued, highlighting bitcoin’s value as a hedge against inflation, fiat devaluation and government seizure. The firm also pointed to bitcoin’s proven track record as a store of value relative to distressed emerging market currencies, emphasizing its popularity in the hyperinflation zones of Latin America and Africa. 

The investor update claimed to be optimistic about bitcoin’s long-term potential as a store of value and argued recent market developments have increased the likelihood of bitcoin’s broader adoption. 

According to the report, government monetary and fiscal stimulus policies are trending towards a long term "collapse in trust" in existing financial markets and fiat currencies. Simultaneously, Electric Capital reports a long term trend increase in trust in cryptographic systems, on which a new store of value can be developed. 

The report reads, 

Trust in governments is at all time lows, a global recession looms, unemployment will hit historic highs, government debt-to-GDP is at all time highs, dollar denominated debt payments in emerging markets loom, and many are worried about the scale of government stimulus.

The investor update concluded by saying long term data suggests an increase in global concern over an unsustainable economic path, which may drive people and institutions to consider cryptocurrencies as an alternative. 

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