A new bitcoin blackmail scam designed to extort thousands of dollars by alleging the targets have a secret to keep from their spouse, the letters suggest that the man or woman must pay in bitcoin to keep the “cheating” secret.
A sample sentence from the letter was posted on the FTC website: “I know about the secret you are keeping from your wife and everyone else. You can ignore this letter, or pay me a $8600 confidentiality fee in Bitcoin.” The scammers are trying to incite fear and appeal to a potential guilty conscience in hopes of receiving a windfall from someone who may have committed infidelity.
DO NOT PAY as this is a scam and the fraudster does not actually have secrets about you. The FTC advises consumers who receive such a letter to report it to their local police or the FBI.
Hacking and phishing attacks are among the biggest security threats to your cryptocurrencies, so you must set strong passwords for your wallets and all accounts that deal with cryptocurrencies.