Farmer Demanded $1.8 Million Of BTC In Tesco Blackmail Fiasco

A farmer demanded $1.8 million of BTC in a Tesco blackmail fiasco after adding metal shards to baby food as we can see today in our Bitcoin scam news.

Nigel Wright, the farmer, was found guilty of three counts of blackmail and two counts of contaminating goods as the farmer demanded $1.8 million of BTC out of Tesco after putting metal in baby food products. The investigation lasted two years and was the biggest blackmail investigation in UK history. Wright was convicted of three counts of blackmail and two charges of contaminating goods according to the BBC, which ended the two-year-long battle.
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A Tesco spokesperson said:

 “Today’s conviction is the result of decisive and collaborative actions which we took alongside law enforcement agencies.”

The whole ordeal started when Wright placed jars of contaminated baby food on the shelves in Tesco as it can be seen in the CCTV footage so mothers that purchased the food saw the shards only seconds before they were about to feed their babies, as one mom Morven Smith said:

“It was horrendous. I felt sick, I was so shocked.”

Tesco received anonymous letters between May 2018 and February 2020 demanding payments in Bitcoin. One letter said:

 “Imagine a baby’s mouth cut open and blood pouring out, or the inside of their bellies cut and bleeding. You pay, you save them.”

When he was arrested on February 25, 2020, the authorities recovered about $131,000 in BTC all of which was sent by undercover police officers during the manhunt. Justice Warby who was head of the case recommended a psychiatric report for Wright who has or seems to be mentally disordered. Wright was convicted of blackmailing a driver for $197,000 of BTC over a road rage altercation.

As recently reported, illicit activity makes up 0.34% of all crypto transaction volumes in 2020 as per the data by Chainalysis and it marks a 2% drop from a year earlier. Ransomware incidents increased by about 311% year over year which could have been possible because of the COVID-prompted working from home environment and measures that became quite vulnerable for companies. Treasury Secretary nominee Janet Yellen mentioned the potential misuse of crypto in her confirmation hearing which weighed on the BTC price.