Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in Japan

• According to a report by Japan Today on Monday, such threats have been received in at least 18 prefectures since July.
• The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per the report.
• Austria has also suffered a spate of similar bomb threats, as CoinDesk reported back in August.
• Japan Post said that city halls or schools have been the subject of the threats, receiving an email demanding varying amounts of bitcoin.
• In one case in Yamagata City, the demand was for 40 bitcoin, worth over $454,000 at time of writing.
• The cases in Austria were demanding about $20,000 in bitcoin; prices were at slightly higher levels around $11,700 per bitcoin at the time.
• None of the Japanese victims have paid the extortionists, per Japan Today.
• Rather than choose major metropolitan centers, the attackers seem to be targeting local governments in rural areas, such as Sanjo, Niigata Prefecture; Tara, Saga Prefecture; and Minami, Tokushima Prefecture, among others.
• The report theorizes that the extortion attempts are coming from outside of Japan, though there seems to be no evidence to back up the claim.

Also read: Wave of Bitcoin-Seeking Bomb Threats Sparks Probe by Austrian Police