An employee at a Shenzhen company has been sentenced to three years and three months in prison for attempted extortion, after stealing the firm's core research and development materials and posing as an overseas hacker to demand cryptocurrency, according to the Procuratorate Daily.
Driven by pressure from more than 400,000 yuan in online loan debt, the employee demanded 0.88 bitcoin and 90,000 USDT as ransom from the company. A court also imposed a fine of 10,000 yuan.
An employee at a Shenzhen company has been sentenced to three years and three months in prison for attempting to extort cryptocurrency from his employer.
According to the Procuratorate Daily, the employee stole the firm's core research and development materials under pressure from more than 400,000 yuan in online loan debt. He then posed as an overseas hacker and demanded 0.88 bitcoin and 90,000 USDT as ransom.
A court convicted him of attempted extortion and fined him 10,000 yuan.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
