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Based on facts, either observed and verified firsthand by the reporter, or
reported and verified from knowledgeable sources.


HACKERS THREATEN TO LEAK STOLEN REDDIT DATA IF COMPANY DOESN'T PAY US$4.5
MILLION

Hackers from the BlackCat ransomware gang are threatening to leak 80 gigabytes
of confidential data from Reddit. (Rafael Henrique/SOPA Images/LightRocket/Getty
Images)
Jennifer Korn
CNN
Digital
Contact
Published June 19, 2023 10:57 a.m. PDT
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Reddit’s month may be going from bad to worse.

Hackers from the BlackCat ransomware gang, also known as ALPHV, are threatening
to leak 80 gigabytes of confidential data from Reddit that they claim to have
stolen during a February breach, according to a post from the group on the dark
web, which was reviewed by CNN and an independent cybersecurity expert.

 * Business news stories from across Canada and the world

In their post, the hackers claim they first demanded a US$4.5 million payout
“for the deletion of the data and our silence” in April. After receiving no
response, the group said it followed up on Friday with an additional demand:
Reddit should withdraw a controversial new pricing policy that has sparked a
protest from some of the platform’s most influential users.




Reddit CTO Chris Slowe previously posted about a security incident that took
place in early February. In the post, Slowe said the company’s “systems were
hacked as a result of a sophisticated and highly-targeted phishing attack,” with
hackers accessing “some internal documents, code, and some internal business
systems.” Only employee data was accessed, according to the post.

A Reddit spokesperson confirmed to CNN on Monday that BlackCat’s post relates to
the February incident. The spokesperson reiterated that no user data was
accessed, but declined to comment beyond that.

More than 6,000 Reddit forums went dark last Monday in what was supposed to be a
two-day protest over the company’s plan to begin charging steep fees for some
third party apps to access its platform. A week later, more than 3,500 Reddit
forums remain dark.

While the ransom note appears to support the protestors’ cause, some experts are
skeptical of BlackCat’s actual motives.

“I suspect that ALPHV doesn’t actually care about the API pricing. They simply
want future victims to see how much ongoing harm they can cause to increase the
likelihood of them deciding that payment is the least painful option,” said
Brett Callow, threat analyst at cybersecurity firm Emsisoft, who reviewed the
post on the dark web.

BlackCat, for its part, said it does not expect Reddit to meet its demands.

“We are very confident that Reddit will not pay for its data,” the group wrote
in the post on the dark web. “We expect to leak the data.”

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