RATE Group | IT Analyst Admits He Blackmailed Apple for Bitcoin
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IT Analyst Admits He Blackmailed Apple for Bitcoin

03 Dec IT Analyst Admits He Blackmailed Apple for Bitcoin

Posted at 16:30h in Bitcoin News by

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IT Analyst Admits He Blackmailed Apple for Bitcoin 101
Source: iStock/pressureUA

22-year old Kerem Albayrak, a London-based IT analyst, has admitted to blackmailing tech giant Apple in March 2017 after releasing a YouTube video of himself hacking into iCloud accounts, the Daily Mail reported.

By paying the ransom, Apple was to prevent Albayrak from selling the personal data of the service’s 319 million users. Prior to this, the IT analyst had already pled guilty to two charges of unauthorized access to computer material at Southwark Crown Court where he was put on trial. Albayrak had initially demanded USD 75,000 worth of bitcoin (BTC) in ransom, before deciding to increase the amount to a total of USD 150,000 along with iTunes vouchers. At the time, it was worth c. BTC 136, when bitcoin traded at c. USD 1,100 per coin before skyrocketing to almost USD 20,000 by the end of the year.

“I am not going to sentence you today. I am not going to say anything else about the sentence I have in mind,” Judge Christopher Hehir told the…

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