Reddit Under Pressure as Hackers Threaten to Leak Stolen Data

Seems as if Reddit’s API Policy changes are facing SOME resistance. After the community backlash, some people are now threatening to release the company’s confidential data if the changes are not reverted, and that’s not all…

A ransomware group, known as BlackCat is threatening to leak stolen data from Reddit if the company doesn’t meet their demands, which include a $4.5 million payout and a reversal of its planned API pricing changes.

The group claims to have stolen 80GB of data from Reddit during a February phishing attack. The data is said to include internal documents, contact information for employees and advertisers, and possibly some user data.

BlackCat is demanding that Reddit pay the ransom and roll back its API pricing changes. The group says that if their demands aren’t met, they will release the stolen data to the public.

Reddit hasn’t said anything in response, but surely, a lot would’ve been happening behind the scenes. The company has said in the past that it has robust security measures in place to protect user data, and is adamant on not reversing the changes.

It remains to be seen how things pan out in the future, but as of now, this is all we know. Rest assured that we will keep you updated on all developments as new information becomes available.