China Business Journal Hit by Bitcoin Extortion Scammers

The China Business Journal has fallen victim to scammers who are impersonating its brand. These fraudsters have been sending emails to companies, threatening to publish 'compromising materials' unless they receive Bitcoin payments. The journal's journalists emphasized that these messages are not affiliated with the publication and announced that they are gathering evidence for potential civil and criminal action.

The scammers' tactics involve demanding Bitcoin from their targets in exchange for supposedly keeping sensitive information under wraps. This type of extortion scam is becoming increasingly common, with many companies falling prey to such schemes. The China Business Journal has assured its readers that it is taking steps to address this issue and prevent similar incidents in the future.