Engineer Daniel Rhyne sentenced to 32 months for Bitcoin extortion plot against his employer
Engineer Daniel Rhyne was sentenced to 32 months in prison for a Bitcoin extortion plot against his own employer, according to Decrypt. Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns. The sentencing was reported on October 7, 2026; the report does not state the date the sentence was handed down.
Engineer Daniel Rhyne was sentenced to 32 months in prison for a Bitcoin extortion plot against his own employer, according to Decrypt. Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns. The sentencing was reported on October 7, 2026; the report does not state the date the sentence was handed down.
Key facts
- Engineer Daniel Rhyne was sentenced to 32 months in prison for a Bitcoin extortion plot against his employer.
- Rhyne locked his company's IT administrators out of its network.
- Rhyne demanded 20 BTC, then worth $750,000, to stop the shutdowns.
- The sentencing was reported by Decrypt on October 7, 2026.
Sources · 3 sources
- CO
CoinMarketCap@CoinMarketCapPost on X ·
LATEST: ⚖️ A former engineer at a New Jersey industrial company was sentenced to 32 months in prison for attacking his employer's network and demanding a 20 BTC ransom. https://t.co/5Vp7A8uAvV
Open source - DE
Decrypt@DecryptMediaPost on X ·
Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer https://t.co/dkSgWii08g
Open source - DE
DecryptArticle ·
Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer Daniel Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns.
Open source