Hackers demand $3M in Monero from Revolut

Hackers responsible for a data breach at Revolut are demanding $3 million in Monero (XMR) within 24 hours, threatening to sell stolen customer data to rival criminal groups, according to the Financial Times. CoinDesk reported that the group stated no negotiations had occurred.

The collective, which identifies as "iamnotavillain," published the demand on Wednesday with a countdown timer. They requested 6,000 XMR, a currency built to hide transaction details, noting that the breach impacted at least 680 Revolut customer accounts.

The FT reported that the hackers used blockchain analysis to target Revolut accounts holding substantial crypto assets. They provided the newspaper with a short video clip showing what appeared to be passports, driver’s licenses, and financial history.

The breach happened after intruders impersonated government officials, sending information requests that bypassed Revolut’s verification. The bank released customer records before identifying the fraudulent nature of the demands.

Revolut had earlier informed CoinDesk that it blocked the address used for the requests and alerted relevant authorities, including law enforcement and regulators. The company maintained that its infrastructure and customer funds remained intact. The hackers confirmed to the FT that talks had not started when the story broke, and Revolut did not reply to CoinDesk’s inquiry for comment.