Ransom Demanded by Reddit Hackers Surpasses $4.5 Million, Amidst API Pricing Modifications

A ransomware group has taken credit score for the hack on Reddit’s methods earlier this yr, however their calls for transcend financial compensation. Often known as BlackCat, the group claims accountability for the phishing assault that occurred in February, as reported by Bleeping Pc. Researcher Dominic Alvieri shared a put up the place BlackCat asserts that they’ve stolen 80GB of knowledge from Reddit and threatens to launch it publicly except their calls for are met. The group is demanding a $4.5 million payout for the info, in addition to a reversal of Reddit’s deliberate API pricing adjustments, which just lately sparked protests from customers and moderators.

Through the time of the hack, Reddit revealed that hackers had utilized a complicated and focused phishing assault to realize entry to inner paperwork and knowledge, together with contact data for workers and advertisers. Nonetheless, the corporate insisted that the hackers didn’t entry any person knowledge that was not already public. Reddit declined to touch upon the hack. Bleeping Pc confirms that the BlackCat hack and the incident disclosed by Reddit in February are certainly the identical.

BlackCat’s calls for relating to API pricing adjustments stem from a contentious dispute between Reddit management and its energetic customers. After Reddit introduced its intentions to cost builders of third-party apps, doubtlessly costing hundreds of thousands of {dollars} yearly, many in style subreddits restricted entry, stopping new posts and public viewing. In an interview with The Verge, Reddit CEO Steve Huffman acknowledged that the platform was not initially designed to help third-party apps and affirmed that the corporate won’t backtrack on its proposed adjustments.



Denial of accountability! TechCodex is an automated aggregator of the all world’s media. In every content material, the hyperlink to the first supply is specified. All emblems belong to their rightful homeowners, and all supplies to their authors. For any grievance, please attain us at – [email protected]. We'll take needed motion inside 24 hours.