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An engineer has been sentenced to 32 months in prison for blackmailing his employer for Bitcoin, having demanded 20 BTC.
Daniel Rhyne, a former engineer at an industrial company in New Jersey, was sentenced to 32 months in prison on September 28 for extorting his employer with Bitcoin. Rhyne had locked the company's IT administrator out of network access and demanded 20 Bitcoins (worth approximately $750,000 at the time) to stop the network shutdown.
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