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Student website entrepreneur threatened with sabotage

Cyberspace blackmailers have sabotaged the website that earned a British student entrepreneur more than $1 million in advertising sales, according to The Times.

A criminal gang, suspected to have links with the Russian mafia, is demanding $50,000 (£28,200) to call off an attack that yesterday caused the site to crash.

The FBI is investigating the sabotage and attempted extortion because the servers hosting the site are based in the US.

You can read the full story here.

For the latest start-up updates, subscribe to our small business newsletter. Posted January 19, 2006

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