China Business Journal said on July 29 that scammers have been impersonating its reporters in emails sent to companies through Proton Mail, claiming they possess damaging information and demanding payment in Bitcoin in exchange for not publishing a report. The newspaper said the scheme appears to rely on the credibility of an official media brand to make the threat look more believable.
The publication, which is sponsored by the Institute of Industrial Economics under the Chinese Academy of Social Sciences, said it is collecting evidence and reserves the right to pursue legal responsibility. It also advised recipients not to pay, to preserve all evidence, and to report the matter to police. No specific victims or amount involved have been disclosed so far. Techub carried the item and cited CryptoBriefing as the source.
China Business Journal warned on July 29 that bad actors have been posing as its reporters in emails sent to companies through Proton Mail, claiming to hold negative information and demanding a Bitcoin ransom in exchange for not publishing a report.
The newspaper is sponsored by the Institute of Industrial Economics under the Chinese Academy of Social Sciences. It said the scammers used the paper’s official media identity to make the threat appear more credible.
China Business Journal said it is collecting evidence and reserves the right to hold those involved accountable. It also advised potential victims not to make any payment, to keep all evidence, and to report the incident to police. No specific victims or amount involved have been disclosed.
The item was published by Techub and cited CryptoBriefing.
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