It was after midnight when Oren Falkowitz received the frantic text messages. It was a plea from a client to help a friend who owns shares in a Silicon Valley company set to go public—and who had received a very frightening email.

“They said they have videos of him looking at porn through his webcam,” the client wrote, adding the senders had targeted his friend in a crafty blackmail scheme.

Falkowitz, who runs an anti-phishing company called Area 1, had some useful advice: “It’s fake. Tell him to delete [the email] and go to sleep.”

Crisis resolved. Unfortunately, thousands of others have fallen prey to the same email scam, which instructs the victims to send Bitcoin or else see intimate photos from their webcam—and screenshots of the porn they watched—sent to all of their contacts.

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Source: http://fortune.com/2019/05/15/bitcoin-porn-email-scam-blackmail-pay/