MarketPR
A $BTC-denominated extortion scheme has put China Business Journal in focus, after fraudsters began impersonating the Chinese financial publication to pressure companies into paying cryptocurrency.
The outlet issued a public warning describing how bad actors pose as the paper and demand Bitcoin to bury fabricated investigative reports.
No confirmed sums, victim counts, or wallet identifiers have been attributed to the campaign. How the operation works The mechanics are blunt.
Criminals contact a company, claim to represent China Business Journal, and present a choice: pay in Bitcoin or face publication of a damaging investigation under the outlet's banner. The reports themselves are invented.
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