Reddit Hackers Threaten To Leak 80GB Data, Demand ₹37 Crores

In the midst of the ongoing protest against Reddit API pricing change, it has been reported that hackers are now collaborating with app developers and page moderators.

This new incident has added a new dimension to the protest, as the group seeks to make their voices heard and push for change.

The collaboration between these groups is seen as a significant step in the ongoing battle against the Reddit API pricing change.

Hackers have demanded a ransom of $4.5 million from Reddit, while also insisting that the social media platform revoke its new API policy.

In February, the social media platform Reddit fell victim to a phishing campaign carried out by a group of ransomware attackers known as BlackCat.

As a result of the attack, over 80GB of data was stolen from the company. The attackers specifically targeted Reddit employees in their phishing campaign.

Reddit is now facing threats from hackers who have demanded certain actions from the company. The hackers have warned that if their demands are not met, they will release confidential data to the public.

This has raised concerns about the security of Reddit’s systems and the potential consequences of a data breach. The company has not yet responded to the hackers’ demands, and the situation remains tense.

The cause of the hacking or data breach has been identified as an advanced and highly-targeted phishing attack.

It has been reported that an unauthorized party has managed to gain access to certain internal documents, code, and business systems of a company. The extent of the breach and the identity of the party responsible for it are yet to be disclosed.

Also Read:- India To Approve Micron’s $3 Billion Semiconductor Investments

Reddit has updated its API guidelines, requiring third-party app developers to pay a fee to use its API.

The app developers’ community and moderators have expressed their discontent with recent events, leading to a widespread protest known as Reddit Blackout. Popular subreddits have been made private as a form of demonstration.

Steve Huffman, the CEO of Reddit, has announced that the platform was not originally intended to accommodate third-party applications. Furthermore, the company has no plans to modify its current policy.

The Techy Guy

Pranjal Shah covers tech news at India Observers. He is very passionate about innovation, the internet world and gadgets. He loves to share technology-based niche news articles.

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