Missouri Man Arrested for Extorting Former Employer With Bitcoin Ransom

by Norberto Parisian

A Missouri man, Daniel Rhyne, became arrested for trying to extort his outmoded employer, a Unusual Jersey-primarily based mostly industrial firm. Rhyne, a outmoded core infrastructure engineer for the firm, allegedly despatched an extortion e mail on Nov. 25, 2023, claiming to have locked out or deleted the firm’s IT administrators from its computer network and deleted server backups. He threatened additional disruptions if a ransom of 20 bitcoin, approximately $750,000 on the time, became no longer paid. Investigations printed Rhyne had accessed the firm’s methods without authorization, altering administrator passwords and scheduling server shutdowns. He faces charges of extortion, intentional injure to a protected computer, and wire fraud, which lift skill penalties of as much as 35 years in jail and $750,000 in fines.

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