Last Updated on April 8, 2023
Bitcoin is all the rage now, maybe not that much again due to the bear market currently being experienced, but people still fall victim to the Bitcoin billing format.
I recently opened my email and saw a message from someone relatively unknown, telling me that they have my compromised pictures and they would be released to the general public, except I pay them and we reach a compromise.
I quickly negotiated with them, and they asked me to pay the sum of 1 BTC. I was shocked because I don’t even have that kind of money to give anyone. Then I left myself to fate and quickly told my parents about the situation and told them that if they find any of my pictures online, I am sorry.
A few days again, I got the same message from another email, claiming that they have another of my compromised pictures, and I need to pay 0.8 BTC before it is released to the public. That was when I knew that this wasn’t real and it was a phony scam, then I started to research it. I interviewed some folks, and the report I got was mind-boggling.
Let’s get into the details.
One of the guys I spoke with Andreas Byeljic, a Moldovan guy, explained what was used to carry out such acts!
Tools Used For the Bitcoin Billing Format
A Computer or Mobile Phone
Without a computer, there will be difficulties in succeeding with the Bitcoin format of yahoo billing. If you are new to the system, you need nothing other than a PC. An Android or iPhone is near useless for any Bitcoin scamming format. For instance, if you decide to do a BTC format like ransom format, it will require software. To manage the software, nothing but a PC will be needed whether you designed it or paid for Ransome software. Regarding the Android phone, it is advisable to use older Android below Android OS 4.2. If you can’t find an older OS, then you can use any available version of Android.
A BTC wallet is like a bank account, but several Bitcoin features differentiate them. A BTC wallet allows users to link up with their cryptocurrency and use it for any purchase worldwide.
You can ask around for the best BTC wallet. Also, I will not specify any BTC wallet, not to seem as though I’m advertising any BTC wallet. However, I can recommend the best BTC wallet if you ask in the comment section.
Since we are dealing with Bitcoin, a bitcoin address is required. A Bitcoin address is like an account number. Without an account number, there will be no way for people to make payments into a bank account. This is equally the case with Bitcoin as clients will easily make payments using the BTC address. Be careful when sharing your BTC address with clients. Otherwise, a slight mistake in the digit with cause the client to send payment to a strange BTC wallet.
Note: It is recommendable to change the Bitcoin address from the receiver end once in a while.
At all times, without a VPN like Tor or Psiphon, going online isn’t safe. The essential thing scammers discuss is the location, and they do not want any silly scrappy news and content to trace them. In order not to be tracked, you require something like Tor on both computers and mobile phones. Whenever you’re connected, keep it running and do not browse the moment it disconnects; otherwise, you’ll compromise your location.
An email address from the likes of Yahoo, Google, etc., will be required. The email is where yahoo boys have their origin, especially from the yahoo mail. The email you use is your origin and what defines you. In this case, you should own one. Also, the owned email should bear fake details and must not be your private email account.
What makes a scam to be seen legit is proper grammar. Once you have adequate grammar ability, the sort of clients you’ll gather will all easily fall. In the case of writing, you require tools like Grammarly. When it comes to speaking, it is not recommendable to go on a phone call with the client. Depending on the client, you might be tracked since it isn’t too cheap to block a call destination.
A BTC Website is another vital tool if you want to be a professional. All you have to do is develop a site similar to any blockchain and make everything fake on the site. There are several tools to use for cloning a website. And, if you do not know how to do so, consider hiring a website builder to make you one.
Software Developer Tools
In the case of ransomware developing, developing software would be needed. There are many of them out there, and so far, you know what to do, do it and make money. , pay a developer to handle things.
Bitcoin Formats Used on People.
This is where it gets tricky because for people to believe them, they will have to use certain means to get ahead of the victim. So you might experience things like;
The first Bitcoin billing format is the use of ransomware to attack clients. Since people download a lot without giving a damn about what they are downloading, it is straightforward to trap them and make them pay for their carelessness.
Once the virus is on the target’s computer, it locks it and requests money before access is granted. Most people practicing the bitcoin format for yahoo use this method on people that download much to their computers. Alternatively, the scammer can send malicious links to the email address of the victim and subtly convince him/her to click and download the content. The problem people have is identifying and creating the right Ransome ware.
Fake Website Format
Originally, a Fake bitcoin website was supposed to be for pranking your friends about being a bitcoin billionaire, but people online have turned it into something else.
A random guy online will create a website claiming to sell Bitcoin or double Bitcoin for entrepreneurs. Once people see this, they would gladly apply, make payments, and lose money. They will collect as many emails as possible, and send out messages to people and convince them to log into their website using their original credentials.
This way, the other online person will have access to their information and use their details to log into their original bitcoin website like Binance and withdraw their money.
Blackmail Format for Bitcoin
This was the one used on me, as I was about to be blackmailed. The blackmail format for Bitcoin comes in various ways. The blackmail could be anything like defaming, taxing, etc. In the end, when the victim wants to pay, he or she will get the Bitcoin Address and effect payments. What this Bitcoin yahoo billing requires is an email and a computer as well as a mobile phone. But there is no need to design a website or look for others to do so.
How Blackmail Format Works
First, they target a client on any of the platforms
The platforms to focus on a client include:
After contacting the target, then they accuse them of something they have done or may not have done. After that, they mail them a threat or a warning which will force them to be afraid. Then they follow up on their fears and take advantage of them.
Note: Once you see a blackmial letter with a bitcoin address as payment option, please disregard it.
This type of bitcoin billing format is used on older people. This means that their primary target is the older ones, who would not be able to handle the pressure.
Typically, most of these guys justify their actions as a way to make money and survive the harsh realities of this present world. Well, there is no excuse for crime as there are many legal activities you can engage in and make money online.
Whatever be your excuse, using the bitcoin billing format as a way to make money isn’t a good option as you will eventually be caught by the law and you will face the consequences.