Two young men were arrested in Los Angeles last week for allegedly trying to extort $150,000 from MySpace. The pair of teenagers, 18 and 19, are said to have hacked the News Corp. social network,
exploiting a vulnerability that enabled them to steal users' personal information. The hackers threatened to release new exploit code unless MySpace came up with $150,000. MySpace invited them out to
Los Angeles, telling them they would meet with company employees to discuss how to proceed--but they were instead met by undercover agents from the U.S. Secret Service and the L.A. district attorney's
office. A preliminary hearing is set for June 5; the pair face more than four years in prison.
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