Security· ★★★· bearish·

Hackers demand 6,000 XMR from Revolut; Italy opens data leak probe

  • The ransom is set at 6,000 XMR — several million dollars at current prices
  • Italy is investigating a possible data leak under the European GDPR regulation
  • Revolut has not confirmed the scale of the incident or reported negotiations with the attackers
  • Monero was chosen for its anonymity: sender, recipient and transfer amount are hidden
Why it matters: The incident increases regulatory pressure on Revolut in the EU and again raises the issue of using privacy coins for extortion.
Source: CriptoTendencias