Bitcoin is just not about trading and spending, bitcoin is also about keeping transactions anonymous to avoid detections. And that is why criminals also leverage the power of bitcoin for their objectives. This time, terrorists threaten Amsterdam located coffee shops with grenade bombing and gunshots, asking for a ransom in bitcoin, wanting to capitalize on the fear of terrorism that has invaded Europe since the latest incidents.
Terrorists Threaten Amsterdam
Terrorist groups have started taking action harrasing coffee shops and patisseries in Amsterdam via email and asking insanely high sums of money as a ransom. This has happened to at least three coffee shops and one club in the last week, according to NLTimes.
Bitcoin is the preferred vehicle for this kind of anonymous ransom, as terrorists want to take advantage of the anonymous trait of cryptocurrency transactions. The fact that terrorists threaten Amsterdam and ask for bitcoin as ransom shows this is a trend into criminal circles that has been steadily rising since last December.
The email sent to the businesses states that:
“You probably noticed how many entrepreneurs have had to close their doors recently by order of the municipality. To prevent you from being the next one, you must immediately take action”
after this, the email instructs the owners to buy 50,000 euros in bitcoin and send them to a specific wallet address. Having detailed all this, the email continues: “After that, you will never hear from us again.”
Probably Just Babble
While there have been some grenade related incidents in the clubs in Amsterdam, the police are not too sure about what to think of this. The email has been sent to them accordingly. The coffee shop owners were told that they were not the first ones to be threatened in this way.
“The detective told us that the mail was known to them, so we were not the first. We did not pay. Such a mail indicates to us that there is no longer any logic behind the leaving of grenades”
Also, the municipality has changed its policy about closing businesses after finding explosives in their common areas, so that terrorists do not think that their actions could cause some of these businesses to close their doors. The mayor of Amsterdam declared that:
“We pay attention to the fact that criminals should not start thinking: if we leave a grenade in front of the door it will be closed. So we are gradually becoming more precise in the application of measures”
The Bitcoin Craze
These emails scams and the whole cryptocurrency threat and ransom phenomena have risen since last December when cryptocurrency prices got up to crazy high levels. Bitcoin reached levels of $15K and even more.
Terrorists and criminal activity related to bitcoin have intensified, thinking that by getting bitcoin they will also get rich in no time.