Federal prosecutors have charged two men with attempting to extort cryptocurrency worth more than $12 million from a startup firm planning to undertake an initial coin offering. Steven Nerayoff, of Great Neck, New York, and Michael Hlady of East Greenwich, Rhode Island, were arrested by the FBI on Sept. 18 and charged with extortion. The men allegedly demanded millions of dollars’ worth of ether cryptocurrency for the promise of not destroying the startup company’s initial coin launch process. But officials say that while the alleged extortion involved virtual currency, it relied on age-old psychological shakedown strategies.”]
Source: https://www.healthcareinfosecurity.com/cryptocurrency-shakedown-old-tactics-new-twist-a-13155