TLDR A former Revolut employee allegedly threatened to leak a crypto trader’s personal KYC data unless paid a ransom in crypto The trader said the ex-employee alsoTLDR A former Revolut employee allegedly threatened to leak a crypto trader’s personal KYC data unless paid a ransom in crypto The trader said the ex-employee also
Revolut Ex-Employee Accused of Threatening to Leak KYC Data for Crypto Ransom
TLDR
- A former Revolut employee allegedly threatened to leak a crypto trader’s personal KYC data unless paid a ransom in crypto
- The trader said the ex-employee also contacted his family members who use Revolut to apply pressure
- Revolut confirmed it reported the matter to law enforcement and said no systems were breached
- Physical attacks on crypto investors rose 75% in 2025, reaching 72 verified cases worldwide
- French authorities charged 25 suspects in 2025 linked to kidnappings and crypto ransom demands
A crypto trader known as TraderSZ said a former Revolut employee threatened to expose his personal information unless he paid a cryptocurrency ransom.
TraderSZ posted about the incident on X, saying the ex-employee found his details through Revolut’s systems. He said the person then contacted family members who also use Revolut to pressure him into paying.
He shared screenshots of conversations with Revolut’s customer support about the incident. Cointelegraph reached out to TraderSZ for more details but did not receive a response.
Revolut confirmed the incident and said it has reported the matter to law enforcement. A company spokesperson said authorities are actively investigating the former employee’s alleged actions.
Revolut added that its security systems worked as intended and that no procedural breach occurred. The company said it is in direct contact with the affected customer.
Revolut is a British fintech firm valued at $75 billion as of November 2025. The platform had more than 65 million users worldwide as of September 2025.
Crypto Ransom Attacks on the Rise
This incident is part of a broader pattern of threats targeting cryptocurrency holders.
Physical attacks on crypto investors, known as “wrench attacks,” rose 75% in 2025. Cybersecurity firm CertiK recorded 72 verified cases worldwide that year.
In France, authorities arrested six people in early February in a kidnapping plot tied to a crypto ransom. The target was the partner of a crypto entrepreneur.
French authorities charged 25 suspects across multiple cases involving kidnappings, attempted kidnappings, and ransom demands throughout 2025.
KYC Data as a Target
Know Your Customer data, or KYC data, is collected by financial platforms to verify user identity. It typically includes government ID, address, and other personal details.
This type of data is valuable to bad actors because it can be used to identify and locate individuals. When combined with knowledge of crypto holdings, it can make users targets for extortion.
The Revolut case shows that insider threats, not just external hackers, can put this data at risk.
Revolut was one of the most downloaded financial apps in Western Europe in 2024, with a 7% market penetration rate, according to its own annual report.
The company has not said whether the former employee has been arrested or charged.
The post Revolut Ex-Employee Accused of Threatening to Leak KYC Data for Crypto Ransom appeared first on CoinCentral.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Source7 and Oyster Data Announce Strategic Partnership to Advance Property Asset Intelligence and Data Infrastructure
LOUISVILLE, Ky.–(BUSINESS WIRE)–Source7, a leading provider of home appliance and systems asset intelligence, today announced a strategic data infrastructure partnership
Share
AI Journal2026/02/25 03:16
US SEC approves options tied to Grayscale Digital Large Cap Fund and Cboe Bitcoin US ETF Index
PANews reported on September 18th that the U.S. Securities and Exchange Commission (SEC) announced that, in addition to approving universal listing standards for commodity-based trust units , the SEC has also approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 index. The SEC also approved the listing and trading of PM-settled options on the Cboe Bitcoin US ETF Index and the Mini-Cboe Bitcoin US ETF Index, with expiration dates including third Fridays, non-standard expiration dates, and quarterly index expiration dates.
Share
PANews2025/09/18 07:18
Unprecedented Surge: Gold Price Hits Astounding New Record High
BitcoinWorld Unprecedented Surge: Gold Price Hits Astounding New Record High While the world often buzzes with the latest movements in Bitcoin and altcoins, a traditional asset has quietly but powerfully commanded attention: gold. This week, the gold price has once again made headlines, touching an astounding new record high of $3,704 per ounce. This significant milestone reminds investors, both traditional and those deep in the crypto space, of gold’s enduring appeal as a store of value and a hedge against uncertainty. What’s Driving the Record Gold Price Surge? The recent ascent of the gold price to unprecedented levels is not a random event. Several powerful macroeconomic forces are converging, creating a perfect storm for the precious metal. Geopolitical Tensions: Escalating conflicts and global instability often drive investors towards safe-haven assets. Gold, with its long history of retaining value during crises, becomes a preferred choice. Inflation Concerns: Persistent inflation in major economies erodes the purchasing power of fiat currencies. Consequently, investors seek assets like gold that historically maintain their value against rising prices. Central Bank Policies: Many central banks globally are accumulating gold at a significant pace. This institutional demand provides a strong underlying support for the gold price. Furthermore, expectations around interest rate cuts in the future also make non-yielding assets like gold more attractive. These factors collectively paint a picture of a cautious market, where investors are looking for stability amidst a turbulent economic landscape. Understanding Gold’s Appeal in Today’s Market For centuries, gold has held a unique position in the financial world. Its latest record-breaking performance reinforces its status as a critical component of a diversified portfolio. Gold offers a tangible asset that is not subject to the same digital vulnerabilities or regulatory shifts that can impact cryptocurrencies. While digital assets offer exciting growth potential, gold provides a foundational stability that appeals to a broad spectrum of investors. Moreover, the finite supply of gold, much like Bitcoin’s capped supply, contributes to its perceived value. The current market environment, characterized by economic uncertainty and fluctuating currency values, only amplifies gold’s intrinsic benefits. It serves as a reliable hedge when other asset classes, including stocks and sometimes even crypto, face downward pressure. How Does This Record Gold Price Impact Investors? A soaring gold price naturally raises questions for investors. For those who already hold gold, this represents a significant validation of their investment strategy. For others, it might spark renewed interest in this ancient asset. Benefits for Investors: Portfolio Diversification: Gold often moves independently of other asset classes, offering crucial diversification benefits. Wealth Preservation: It acts as a robust store of value, protecting wealth against inflation and economic downturns. Liquidity: Gold markets are highly liquid, allowing for relatively easy buying and selling. Challenges and Considerations: Opportunity Cost: Investing in gold means capital is not allocated to potentially higher-growth assets like equities or certain cryptocurrencies. Volatility: While often seen as stable, gold prices can still experience significant fluctuations, as evidenced by its rapid ascent. Considering the current financial climate, understanding gold’s role can help refine your overall investment approach. Looking Ahead: The Future of the Gold Price What does the future hold for the gold price? While no one can predict market movements with absolute certainty, current trends and expert analyses offer some insights. Continued geopolitical instability and persistent inflationary pressures could sustain demand for gold. Furthermore, if global central banks continue their gold acquisition spree, this could provide a floor for prices. However, a significant easing of inflation or a de-escalation of global conflicts might reduce some of the immediate upward pressure. Investors should remain vigilant, observing global economic indicators and geopolitical developments closely. The ongoing dialogue between traditional finance and the emerging digital asset space also plays a role. As more investors become comfortable with both gold and cryptocurrencies, a nuanced understanding of how these assets complement each other will be crucial for navigating future market cycles. The recent surge in the gold price to a new record high of $3,704 per ounce underscores its enduring significance in the global financial landscape. It serves as a powerful reminder of gold’s role as a safe haven asset, a hedge against inflation, and a vital component for portfolio diversification. While digital assets continue to innovate and capture headlines, gold’s consistent performance during times of uncertainty highlights its timeless value. Whether you are a seasoned investor or new to the market, understanding the drivers behind gold’s ascent is crucial for making informed financial decisions in an ever-evolving world. Frequently Asked Questions (FAQs) Q1: What does a record-high gold price signify for the broader economy? A record-high gold price often indicates underlying economic uncertainty, inflation concerns, and geopolitical instability. Investors tend to flock to gold as a safe haven when they lose confidence in traditional currencies or other asset classes. Q2: How does gold compare to cryptocurrencies as a safe-haven asset? Both gold and some cryptocurrencies (like Bitcoin) are often considered safe havens. Gold has a centuries-long history of retaining value during crises, offering tangibility. Cryptocurrencies, while newer, offer decentralization and can be less susceptible to traditional financial system failures, but they also carry higher volatility and regulatory risks. Q3: Should I invest in gold now that its price is at a record high? Investing at a record high requires careful consideration. While the price might continue to climb due to ongoing market conditions, there’s also a risk of a correction. It’s crucial to assess your personal financial goals, risk tolerance, and consider diversifying your portfolio rather than putting all your capital into a single asset. Q4: What are the main factors that influence the gold price? The gold price is primarily influenced by global economic uncertainty, inflation rates, interest rate policies by central banks, the strength of the U.S. dollar, and geopolitical tensions. Demand from jewelers and industrial uses also play a role, but investment and central bank demand are often the biggest drivers. Q5: Is gold still a good hedge against inflation? Historically, gold has proven to be an effective hedge against inflation. When the purchasing power of fiat currencies declines, gold tends to hold its value or even increase, making it an attractive asset for preserving wealth during inflationary periods. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action. This post Unprecedented Surge: Gold Price Hits Astounding New Record High first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:30