Pizza Shop: We're Being Extorted For Bitcoin. What's A Bitcoin?

Pizza Shop: We're Being Extorted For Bitcoin. What's a Bitcoin?

Bitcoin, the preferred currency of hackers, fraudsters and e-based ruffians everywhere, is now being extorted on our streets — from your local pizza joint, specifically. Now the owners just need to figure out what a bitcoin actually is.

First reported by Krebs on Security, the official "notices of extortion" were sent via snail mail to several small pizza places across the country, each asking for one bitcoin ($644) apiece. If the shop doesn't pay up by August 15, though, that price goes up to three bitcoins ($1932).

Pizza Shop: We're Being Extorted For Bitcoin. What's a Bitcoin?

People started realising that they weren't alone in receiving the fairly menacing notes when shop owners began posting the letters on Facebook. And given the less than tech-oriented nature of the targets, it's not surprising that at least one of them amended the post with: "Ps. What the heck is a BitCoin??"

The fraudsters themselves might come out looking the bigger fools, as they're potentially coming up against the US Postal Service — which does not take mail fraud lightly. As Nicholas Weaver, a researcher at the International Computer Science Institute (ICSI) and at the University California, Berkeley, told Krebs:

There is a lot of operational security that these guys might have failed at, because this is interstate commerce, mail fraud, and postal inspector territory, where the gloves come off. I'm willing to bet there are several tools available to law enforcement here that these extortionists didn't consider.

Either way, whatever consequences these Bitcoin extortionists end up facing will be well-deserved. Because what kind of monster goes after pizza? [Krebs via The Wire]

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