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

Decrypt·October 7, 2026·1 min read
Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer

Engineer Daniel Rhyne was sentenced to 32 months in prison for locking his company's IT administrators out of its network and demanding 20 BTC, then worth $750,000, to stop the shutdowns. The extortion plot targeted his own employer, leading to his conviction.

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