Reddit faces a ransom threat from hackers who have stolen data from the company. The company has already been dealing with subreddit protests.
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Phishing attack
Ransomware gang BlackCat claimed responsibility for the targeted phishing attack on Reddit in February, accessing internal documents and employee information.
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Demands
Ransomware-as-a-service provider BlackCat demands a $4.5 million ransom and reversal of API pricing change for not leaking the Reddit data.
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Threat to leak Reddit
BlackCat said it contacted Reddit twice. The hackers have decided to leak Reddit data as they are sure the company will not pay them.
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Reddit protest threatened
Over 8,000 subreddits protested Reddit's new API pricing by going dark. Reddit threatened to replace moderators.