dreamspark
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August 21, 2015, 03:41:53 PM

Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article
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Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…
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If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.   Undecided

Nobody will pay that if they have half a brain.

The data is so easily accessible publicly you would get blackmailed repeatedly, you pay this person then you have to pay the 1000 more who also threaten to expose you. Gaining a silence fee only works if you're the sole holder of the information. At this point anybody who finds themselves exposed through this hack is better off just fessing up. Nobody is rich enough to pay off everybody who comes threatening them.