An anonymous reader writes "Two New York teens have been arrested after trying to extort $150,000 from the makers of MySpace, the popular online community site." From the article: " MySpace discovered the intrusion earlier this year and blocked it. The Los Angeles-based company also reported the incident to authorities. During the course of the investigation, threats were made that unless $150,000 was paid, new exploit code would be released, according to the statement. By this time, the sting operation had been set up, so instead of meeting with MySpace late last week, the pair from New York met with undercover officers from the U.S. Secret Service and the Los Angeles District Attorney's Bureau of Investigation. "