FTC Warns Users Against BTC Blackmailing

August 24, 2018

The US Federal Trade Commission (FTC) has warned its users against new scam scheme which blackmails people trying to extort their BTC assets.

The scheme works as follows: scammers threaten men to tell some alleged secret and ask for transferring some BTC for confidence. For instance, in one of the letters a criminal demanded the would-be victim $8,500 in BTC for keeping secret of the issue he would conceal from his wife and friends.

Threats are actually letters with similar message on revealing some secret and demanding hush-money. In addition, the letters contain account details for transferring and hints how to convert dollars to BTC.

The FTC noted that although all letters but one were sent to men only, women must also be cautious with the situation.


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