{"id":362298,"date":"2018-11-14T07:00:47","date_gmt":"2018-11-14T07:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=362298"},"modified":"2024-06-11T07:37:44","modified_gmt":"2024-06-11T07:37:44","slug":"bitcoin-blackmail-scam-terrorizing-paradise-valley-residents","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-blackmail-scam-terrorizing-paradise-valley-residents\/","title":{"rendered":"Bitcoin Blackmail Scam Terrorizing Paradise Valley Residents"},"content":{"rendered":"

A local Arizona police department is warning residents in the area of a potential blackmail scam involving Bitcoin.<\/span><\/p>\n

Paradise Valley Residents Receive Threatening Letter Demanding Bitcoin<\/span><\/h2>\n

Paradise Valley, Arizona police department is warning residents via its official social media<\/span><\/a> accounts of a blackmail letter being sent around that attempts to scare recipients of the letter into sending Bitcoin or risk having their dirty laundry exposed. The letter, which appears to try and extort $9,200 in Bitcoin from Paradise Valley residents, was sent by snail mail and includes text threatening to expose \u201cevidence\u201d of an affair. <\/span><\/p>\n

\n

\u201cI know about the secret you are keeping from your wife and everyone else,\u201d the letter reads.<\/span><\/p>\n<\/blockquote>\n

The blackmail letter is authored by a criminal going by the alias GreyCircle54 and claims to know about a \u201csecret\u201d and even claims to have \u201cevidence\u201d of this secret. GreyCircle54 essentially claims that they weren\u2019t specifically targeting the person, and did not \u201cgo out looking to burn\u201d the recipient of the letter, however, they happened to discover the \u201cevidence\u201d and are using it to threaten innocent individuals that may have a guilty conscience.<\/span><\/p>\n

Related Reading:\u00a0Another Rapper Sued in Alleged Crypto Scam<\/a><\/strong><\/p>\n

GreyCircle54 gives the recipient two \u201cpaths:\u201d pay up, or be exposed.<\/span><\/p>\n

The scam is only effective if the recipient is having an affair, however, it was enough to frighten Paradise Valley residents into reporting the issue to the local authorities. Police have a copy of the letter as evidence.<\/span><\/p>\n

Bitcoin Blackmail Scam Makes Return After FTC Warning<\/span><\/h2>\n

This isn\u2019t the first time this Bitcoin blackmail scam reared its ugly head. Back in August, the United States Federal Trade Commission (FTC) Division of Consumer and Business Education, whose mission is to educate consumers on how to protect themselves, issued a warning<\/span><\/a> via a blog post entitled \u201cHow to avoid a Bitcoin blackmail scam.\u201d<\/span><\/p>\n

The FTC back then called it a \u201cnew\u201d scam targeting men, and denounced the practice as a \u201ccriminal extortion attempt to separate people from their money.\u201d The FTC recommends anyone who receives a similar letter report it to local authorities, as residents did in Paradise Valley, or to report it to the Federal Bureau of Investigation (FBI).<\/span><\/p>\n

Beware of Bitcoin Scams in By Mail, and on Social Media<\/span><\/h2>\n

Cyber criminals are always seeking ways to part investors from their cryptocurrency assets. However, by being extra careful and paying attention for warning signs, scams can often be identified before falling prey to a scammer. The FTC points out that scams like the Bitcoin blackmail letter often contain \u201cclassic signs\u201d like \u201cthreats, intimidation, and high-pressure tactics.\u201d<\/span><\/p>\n

Related Reading: Indian Teen Threatens to Blow Up Airport Over Bitcoin Scam<\/a><\/strong><\/p>\n

Another classic warning sign: If something looks too good to be true, it probably isn\u2019t. Such is the case with another type of Bitcoin scam<\/a>, in which Twitter accounts market a \u201cgiveaway\u201d to their followers. Twitter users are invited to send a small portion of a cryptocurrency to a wallet address, and in return, the user will receive a much larger sum of cryptocurrency. The \u201cgiveaway\u201d is often riddled with spelling errors, and it makes little sense for corporations or public figures to give cryptocurrency away or need to receive some in advance to be able to send more in return \u2013 yet thousands of dollars worth of Bitcoin are lost to these scams daily.<\/span><\/p>\n

 <\/p>\n

Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"
A local Arizona police department is warning residents in the area of a potential blackmail scam involving Bitcoin. Paradise Valley Residents Receive Threatening Letter Demanding Bitcoin Paradise Valley, Arizona police department is warning residents via its official social media accounts of a blackmail letter being sent around that attempts to scare recipients of the letter into sending Bitcoin or risk having their dirty laundry exposed. The letter, which appears to try and extort $9,200 in Bitcoin from Paradise Valley residents, was sent by snail mail and includes text threatening to expose \u201cevidence\u201d of an affair. \u201cI know about the secret you are keeping from your wife and everyone else,\u201d the letter reads. The blackmail letter is authored by a criminal going by the alias GreyCircle54 and claims to know about a \u201csecret\u201d and even claims to have \u201cevidence\u201d of this secret. GreyCircle54 essentially claims that they weren\u2019t specifically targeting the person, and did not \u201cgo out looking to burn\u201d the recipient of the letter, however, they happened to discover the \u201cevidence\u201d and are using it to threaten innocent individuals that may have a guilty conscience. Related Reading:\u00a0Another Rapper Sued in Alleged Crypto Scam GreyCircle54 gives the recipient two \u201cpaths:\u201d pay up, or be exposed. The scam is only effective if the recipient is having an affair, however, it was enough to frighten Paradise Valley residents into reporting the issue to the local authorities. Police have a copy of the letter as evidence. Bitcoin Blackmail Scam Makes Return After FTC Warning This isn\u2019t the first time this Bitcoin blackmail scam reared its ugly head. Back in August, the United States Federal Trade Commission (FTC) Division of Consumer and Business Education, whose mission is to educate consumers on how to protect themselves, issued a warning via a blog post entitled \u201cHow to avoid a Bitcoin blackmail scam.\u201d The FTC back then called it a \u201cnew\u201d scam targeting men, and denounced the practice as a \u201ccriminal extortion attempt to separate people from their money.\u201d The FTC recommends anyone who receives a similar letter report it to local authorities, as residents did in Paradise Valley, or to report it to the Federal Bureau of Investigation (FBI). Beware of Bitcoin Scams in By Mail, and on Social Media Cyber criminals are always seeking ways to part investors from their cryptocurrency assets. However, by being extra careful and paying attention for warning signs, scams can often be identified before falling prey to a scammer. The FTC points out that scams like the Bitcoin blackmail letter often contain \u201cclassic signs\u201d like \u201cthreats, intimidation, and high-pressure tactics.\u201d Related Reading: Indian Teen Threatens to Blow Up Airport Over Bitcoin Scam Another classic warning sign: If something looks too good to be true, it probably isn\u2019t. Such is the case with another type of Bitcoin scam, in which Twitter accounts market a \u201cgiveaway\u201d to their followers. Twitter users are invited to send a small portion of a cryptocurrency to a wallet address, and in return, the user will receive a much larger sum of cryptocurrency. The \u201cgiveaway\u201d is often riddled with spelling errors, and it makes little sense for corporations or public figures to give cryptocurrency away or need to receive some in advance to be able to send more in return \u2013 yet thousands of dollars worth of Bitcoin are lost to these scams daily.   Image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":344285,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1011,2123,3776,4257],"class_list":["post-362298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blackmail","tag-ftc","tag-scam","tag-twitter"],"acf":[],"yoast_head":"\nBitcoin Blackmail Scam Terrorizing Paradise Valley Residents<\/title>\n<meta name=\"description\" content=\"A local Arizona police department is 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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