Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer

An engineer named Daniel Rhyne was sentenced to 32 months in prison for plotting to extort his own employer using Bitcoin. He locked the company's IT administrators out of its network and demanded 20 BTC, valued at $750,000 at the time, to halt the shutdowns. The case highlights the risks of insider threats in cybersecurity.

Sources

• Decrypt — Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer

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