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Blackmailers made $332,000 in Bitcoin during ‘sextortion’ scam


Cybercriminals raked in more than $300,000 in Bitcoin payments during a ‘sextortion’ email-based blackmail campaign, which was first spotted in 2017 but saw increased activity mid-last year. According to a report by UK firm Digital Shadows, which tracked a sample of 792,000 emails as part of their analysis, criminals received some $332,000 from more than 3,100 unique sender Bitcoin addresses. The funds were deposited in 92 Bitcoin addresses. Further analysis of Bitcoin wallets associated with these scams found that ‘sextortionists’ could be reaping an average of $540 per victim. Hard Fork first reported on the scam in July last year after Cornell University computer science professor…

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