Bitcoin Extensively Used By Online Extortionists Claims New Report

Social media websites and Bitcoin are being increasingly used by online extortionists who use these services to send anonymous letters and threats. Many businesses and websites are being threatened by these extortionists who ask for payment using bitcoin or face the risk of getting bad ratings on Yelp and other such rating services. In case of an online business, they threaten to cripple the service using denial of service attacks and vandalism.

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