A Hollywood blackmail scheme is Serbia's first contact with Bitcoin

A Serbian’s blackmail attempt on a Hollywood studio draws attention to the fact that, in the Balkans, cryptocurrency is still a mystery.

Momcilo Djinovic (26) is facing a possible sentence of two to ten years in prison for attempting to extort 24 Bitcoins from “20th Century Fox”. Djinovic was arrested in mid-March in Belgrade and charged with extortion, after serving the studio with an ultimatum - pay the Bitcoins, or lose millions in box office revenue.

The case has drawn a lot of attention from the Balkan media, since this is the first publicly reported case of blackmail involving crypto currency in the region.

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