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Government and School in japan are hit by the Spate of Bitcoin Extortion Bomb

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Crypto Business World

CBW -External Analyst

Oct, 17 2020

Oct, 17 2020

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The premises of the local government in japan seems to have been hit by the flood of the extortion attempts that has been seeking out for the bitcoins over the past few months. As per the report made, it has been concluded that such threatened were received from July in 18 prefectures. This surely is an alarming situation that cannot be denied. 


The extortionists have been demanding the payment to be made in security token investment bitcoin. Failing to do so would keep the life of kids in danger as they are planning to then go ahead and denotate an explosive device. The similar kind of threat has already been faced by Austria in August. In this case the demand was for $20,000 in bitcoin and the value of bitcoin then was $11,700 per bitcoin 


In the recent costs made by the schools and City halls of japan, they claim to be receiving the threats through email. The demand for different bitcoin amounts has been made. In one of the cases of the Yamagata city, the demand for more than 40 bitcoins has been made. This cost early more than $454,000. 


So far, novates have paid the amountBut what puts all of us in dilemma is why the attacker has not targeted the major metropolitan centres but the targeting local governments like Tara, Minami, and Saga. This has surely increased an alarming situation amongst security token companies and kayos is all over. It is expected for the better security and right action sooner to be taken before it gets too. 

As per the report the extortion attempts seem to be coming from the Japan and there has been no evidences for backing up the claim. But search is still going on because at the end, it is the life of kids that needs to be focused on. 


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Crypto Business World

CBW - External Analyst

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