Revolut fell for fake government requests, and high net worth holders are now exposed to wrench attacks
Bitcoin activity, passports exposed after Revolut falls for fake government requests. This is so horribly, astoundingly, terribly bad. A group calling itself Revolut Smilic claims responsibility, demanding payment of 10,000 Bitcoin from Revolut. The attackers allegedly used an email account on a legitimate government agency domain to submit fraudulent information requests. Revolut responded by giving their high net worth individuals identity documents, verification selfies, addresses, statements, and transaction histories, including Bitcoin transactions and balances to the hackers. We’ve obviously seen exploits in the past, which are problematic. We’ve obviously seen data breaches in the past, which are problematic. We know about the wrench attacks that have happened in France, which is what happens when somebody finds out that you are potentially holding Bitcoin. In this case, these are the higher net worth individuals. And the hackers know not only all of your identity information, including literally your verification selfies, addresses, and statements. They know exactly how much Bitcoin you have bought and sold, are holding, and your transaction history. Before, at least the hackers or the criminals had to go the next step to try to figure out how much Bitcoin you had, or even if you had it. Now they not only know that, they know exactly what you have. Your funds can be safe, but that doesn’t resolve the risk when criminals have your passport, address, and complete financial history. This is absolutely horrifying.
#Revolut #Bitcoin #Security #Privacy #Crypto
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