WORLDTECH NEWS Global technology intelligence.Contact
โ† Back to WORLDTECH
Bitcoin & Crypto SINGLE SOURCE

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

Detailed view of a stock report displaying a market performance graph with data trends.
Illustrative photo.Photo by RDNE Stock project on Pexels

What happened

His November 2023 email demanded 20 BTC, then worth about $750,000, and threatened to shut down 40 company servers a day for 10 days. Daniel Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns.

Decrypt News Law and Order Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer Daniel Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns. In brief Former core infrastructure engineer Daniel Rhyne was sentenced to 32 months in prison for attacking his New Jersey employer's network and demanding a Bitcoin ransom.

A former engineer at a New Jersey industrial company has been sentenced to 32 months in prison for attacking his employer's computer network and demanding a ransom in Bitcoin , federal prosecutors said Monday. Daniel Rhyne, 59, of Kansas City, Missouri, was sentenced on September 28 by U.S. He pleaded guilty in April to extortion in relation to a threat to damage a protected computer, and to intentional damage to a protected computer.

Sources & evidence