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Revolut Confirms Ex-Employee Threatened to Leak KYC Data for Crypto Ransom

Cointelegraph
Revolut confirmed reporting a former employee to law enforcement for allegedly attempting to extort a trader by threatening to leak his KYC data.

Summary

A cryptocurrency trader, posting as TraderSZ, alleged that a former Revolut employee attempted to extort him by threatening to disclose his identity and private details, including contacting his family members who also use Revolut to pressure him into paying a ransom. Revolut confirmed the incident, stating they reported the matter to law enforcement for investigation into the "unlawful and criminal actions of a third party, who is a former employee." The fintech company assured that its security systems and data protection protocols functioned correctly, confirming there was no breach of their systems. The article also notes the increasing threat of crypto-related ransom attempts and physical attacks targeting investors.

(Source:Cointelegraph)