How to avoid a Bitcoin blackmail scam

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“I know about the secret you are keeping from your wife and everyone else. You can ignore this letter, or pay me a $8600 confidentiality fee in Bitcoin”.

It’s enough to send shivers down anyone’s spine, but these chilling words are part of a new scam targeting men.

Here’s how it works. Scammers have been sending letters to men, demanding payments using bitcoin in exchange for keeping quiet about alleged affairs. The letter also explains how to use bitcoin to make the payment.

This is a criminal extortion attempt to separate people from their money.

If you — or someone you know — gets a letter like this, report it immediately to your local police, and the FBI.

Threats, intimidation and high-pressure tactics are classic signs of a scam. Learn how to stay ahead of clever crooks with these practical tips, and check out the ways you can keep your personal information secure.

Tagged with: cryptocurrency, scam

Comments

So Many... Thanks For The Info!

The answer to this latest criminality is just simply to NOT use bitcoins. Simple as that.

This Bitcoin scam is not only targeting males! I am a female and have also received a similar threat. The email had somehow confiscated one of my passwords and threated to use pictures, etc. to make pornographic videos and posters using my face. They also demanded that I pay thousands of dollars in Bitcoin. I immediately recognized this as a scam, changed all sites using that password and did not respond. I wish I had kept the email and shared with the FBI. Thank you for telling us how to handle receipt of such and I will definitely report it to the FBI should I receive any similar emails.

I have received exactly the same email. I told them I was not a tech friendly guy and that they should send a paypal email as I do not know about how botcoin works. They never responded. Had they sent the paypal email, I would have reported to authorities.

I didn't know to forward to FBI instead of deleting and holding my breath. Glad I read this!

I already have this and I find it helpful . You should of done this years ago. I tell people about the scams that you send out.

This hasn't happened to me but i do file a lot of reports of scam numbers. I usually get them every day. A lot from other states. ...

Thanks FTC, for your ongoing efforts! I received two of these scam emails within one week. While local law enforcement did not take a report, stating that since I had not suffered any loss there was nothing they could do, both the FTC and the FBI took my information. There has been no further action from the scammers. Keep up the good work, you guys!

Tell your local law enforcement to stop being lazy. Attempted crimes are still crimes regardless if they payout or not. Do they still investigate attempted murder if no one dies .. derp.

How can I make this as spam on my iPhone?

I just want to know how to report to FBI? Thank you.

I am a female and received such a scam letter, stating that they had pics of me involved in sex acts and would expose me if I didn't pay them thousands in Bitcoin. I didn't think twice about informing the FTC. Wish I had know to forward the info to the FBI. But I am grateful the word is out to save people unnecessary grief.

I got a similar scam over a week ago but it was directed towards porn. I deleted it.

After receiving one of these I immediately filed an on line report with the FBI and notified everyone on my mailing list that they could receive an email with a lot of pornography. I explained the attempt to blackmail me and the threats of the lowlife that thought that I was as dumb as he/she is. I have yet to hear back from the the scum that sent the blackmail.

My sister and co-worker received this e-mail. I will let them know. Thank You!!!

I'm 24 yrs old and a single male. So far, I'm still being attacked, their are many groups of unwanted people within my life, I've been receiving many letters of different checks and I haven't succeeded any of my financial goals. I'm exhausted of trying to report each problem after many attempts in contacting the FBI and you guys and NOTHING in return. I know there's something fishy going on and all I'd like is my happy life back.. With a happy future... Please, I'd like to start a new ch. In my life because this is just stupid... Like at least a deal or something...

I am NOT the guy to sabotage. I got great knowledge so hire me asap and let's collaborate

P.s. ...get a load of this, the more I continuesly get attacked/bully etc., VALUE goes down. Its a long story/lesson to type right now but, the facts are there.. Just look at specific statistics since 2015, there's no need for stalking but more like pay me and lets get this show on the road..

Just received a letter in the mail demanding payment in botcoin, person whom sent it indicates he was doing a job in my hometown, much of the wording similar to other scams i have read about, again with the bitcoin account, why is it that bitcoin, being used by these scammers, cant shut these accounts down, how is it that a currency that is supposed to be the future of exchange allowing criminals such as these low life jerks to operate? This just gives bitcoin a very bad name and shows that its not ready for public use and as long as bitcoin exchanges allow this it casts a dark shadow on the value of its utility as a currency alternative. And where is the IRS on all this money exchanging? Illegal activities are still income that must be reported so there is both a criminal and a tax crime going on here.

I too am victim of this scam

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