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Reddit hackers demanding for $4.5 million ransom and API worth change

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Reddit hackers demanding for $4.5 million ransom and API worth change

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A ransomware group named BlackCat have stolen over 80GB of information again in February from Reddit utilizing a phishing marketing campaign that focused workers.

RedditModerators and app builders are protesting in opposition to Reddit’s up to date API utilization coverage.

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Hackers have now joined palms with app builders and web page moderators within the ongoing protest in opposition to Reddit API pricing change. Besides asking for a $4.5 million ransom, hackers are demanding Reddit take again its new API coverage.

A ransomware group named BlackCat have stolen over 80GB of information again in February from Reddit utilizing a phishing marketing campaign that focused workers. Hackers are actually threatening Reddit to launch all this information to the general public if the corporate fails to fulfil their calls for.

Reddit has acknowledged the phishing assault on its platform and has issued an official assertion:

“Reddit systems were hacked as a result of a sophisticated and highly-targeted phishing attack. They gained access to some internal documents, code, and some internal business systems.”

Reddit lately up to date its API tips, the place, third-party app builders have been requested to pay a sure payment to make use of its API. This didn’t go properly amongst the app builders’ group and even moderators, they usually began protesting by making standard subreddits personal and calling it Reddit Blackout.

According to a report from The Verge, Steve Huffman, the CEO of Reddit has acknowledged that the platform was by no means designed to help third-party apps and the corporate received’t be making any modifications to the most recent coverage.

© IE Online Media Services Pvt Ltd

First printed on: 20-06-2023 at 11:59 IST



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