Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Scammers Target Major US Grocery Chains Demanding Bitcoin Payments

CryptoExpert by CryptoExpert
June 27, 2023
in Bitcoin News
0
Bitcoin Defi Protocol Sovryn Gets Hacked for Over $1 Million
  • Facebook
  • Twitter
  • Pinterest



You might also like

Bitcoin Whales Sell $2.6 Billion In BTC – Is A Price Reversal Coming?

Barclays Boosts IBIT Stake 48% Ahead of 13F Filing Deadline

Missouri Turns Federal Gambling Law on Novig as Polymarket Sues State AG

A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments.

While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC).

The Supermarket Scam

As reported by the Wall Street Journal on Sunday, companies like Kroger, Walmart, Whole Foods Market have been targeted by the scam at various stores across and Wisconsin, with scammers threatening to detonate bombs if payments weren’t made. Law enforcement is already investigating the issue.

In a suburb north of Chicago, a Whole Foods employee received a call claiming that a pipe bomb had been placed in the building and said he would detonate it unless paid with $5,000 in BTC. A Kroger employee in Mexico received a similar threat demanding a wire payment, claiming a bomb would explode if the employee tried calling the police.

Phemex

Nevertheless, employees did contact authorities, and police helped evacuate each store. No suspicious items were found in either situation.

According to industry experts, bomb threats demanding ransom from retailers are a newer form of extortion that began earlier this year.

“Every single day, we worry about safety and take everything extremely serious,” said Rodney McMullen, chief executive of Kroger. The retailer is already cooperating with local law enforcement and the Federal Bureau of Investigation (FBI). The FBI said that members of the public should stay aware of their surroundings and report suspicious activity to law enforcement.

Meanwhile, local police in the relevant areas are trying to investigate the threat, but are having trouble tracking the scammer down because the callers used hacked phone numbers. Authorities say it’s still unclear where callers are located, or whether they’re operating as part of an organized effort.

Bitcoin and Ransom

Bitcoin has become a popular tool for facilitating ransom payments thanks to its global nature, relative privacy, and immunity to transaction reversals. In May, a Russian man named Mikhail Pavlovich Matveev was charged for working with co-conspirators to extort $200 million in payments across multiple ransomware strains, much of which came through crypto.

In 2022, Ransomware payments in crypto fell substantially compared to 2021 as victims became less willing to make the transfers. U.S. Treasury sanctions rules against making such payments have made them riskier for victims to conduct.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Bitcoin Whales Sell $2.6 Billion In BTC – Is A Price Reversal Coming?

by CryptoExpert
November 11, 2026
0
Bitcoin Whales Sell $2.6 Billion In BTC – Is A Price Reversal Coming?

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin whales have reduced their holdings by more than 34,000 BTC over the past week,...

Read more

Barclays Boosts IBIT Stake 48% Ahead of 13F Filing Deadline

by CryptoExpert
November 11, 2026
0
Cointelegraph

Barclays reported holding 3.94 million shares in BlackRock’s spot Bitcoin exchange-traded fund (ETF) at the end of the third quarter, up 48% from the previous quarter.The position in...

Read more

Missouri Turns Federal Gambling Law on Novig as Polymarket Sues State AG

by CryptoExpert
November 11, 2026
0
Missouri Turns Federal Gambling Law on Novig as Polymarket Sues State AG

Key TakeawaysMissouri’s attorney general counterclaimed against Novig under a 2006 federal anti-gambling law.Polymarket U.S. sued AG Catherine Hanaway, citing federal preemption and the Commerce Clause.Both got September letters...

Read more

Bitcoin Price Could Avoid New Lows As Analyst Points To Historical Pattern

by CryptoExpert
November 10, 2026
0
Bitcoin Price Could Avoid New Lows As Analyst Points To Historical Pattern

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin price has come under renewed pressure following its latest market decline, but one prominent...

Read more

HIVE, MARA Mine More Bitcoin as Mining Revenue Falls

by CryptoExpert
November 10, 2026
0
Cointelegraph

HIVE Digital Technologies and MARA Holdings mined more Bitcoin in the September quarter than a year earlier but reported lower mining revenue, as weaker Bitcoin prices outweighed gains...

Read more
Next Post
Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 74,618.00
ethereum
Ethereum (ETH) $ 2,078.73
tether
Tether (USDT) $ 0.999234
bnb
BNB (BNB) $ 686.61
usd-coin
USDC (USDC) $ 0.999579
xrp
XRP (XRP) $ 1.07
solana
Solana (SOL) $ 84.88
tron
TRON (TRX) $ 0.317435
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?