Reddit Hacked: BlackCat Ransomware Demands Policy Changes & $4.5M Ransom!!
1#reddit #hacker #technology #tech
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In a shocking turn of events, BlackCat, a notorious ransomware group, has claimed responsibility for the February phishing attack on Reddit. The group asserts that it has successfully stolen 80GB of data from Reddit's systems and is now demanding a $4.5 million ransom and policy changes. If their demands are not met, they threaten to release the stolen data publicly.
This YouTube video discusses the recent developments surrounding the Reddit hack, shedding light on the demands made by BlackCat. The ransomware group not only seeks a significant monetary payout but also insists that Reddit roll back its planned API pricing changes, which sparked widespread user and moderator protests.
During the attack, Reddit acknowledged that hackers had employed a "sophisticated and highly-targeted" phishing technique to gain access to internal documents and data, including contact information of employees and advertisers. Reddit, however, maintained that user data not already publicly available was not compromised.
The contentious back-and-forth between Reddit's leadership and its engaged users regarding the proposed API pricing changes is also explored in this video. Reddit's decision to charge developers of third-party apps, potentially amounting to millions of dollars per year, triggered a wave of subreddit protests, causing limited access and a halt in new posts. Reddit CEO Steve Huffman defended the company's stance, stating that the platform was not originally designed to support third-party apps and that they would not back down from their proposed changes.
This incident marks the second major security breach for Reddit, with a previous attack in 2018 compromising user data such as email addresses and old usernames and passwords.
Stay updated on the latest developments regarding the Reddit ransomware attack, the demands made by BlackCat, and the ongoing discussions between Reddit and its users by watching this video.
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