Hackers demand $4.5 million and API price reversal from Reddit | Engadget

ReclamationCrafts@kbin.social to Reddit Migration@kbin.social – 181 points –
Hackers demand $4.5 million and API price reversal from Reddit | Engadget
engadget.com

Ransomware gang BlackCat is likely behind a February attack on the company..

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The timing is pretty convenient.

they're just being opportunistic and sense that this is Reddit's weakest moment, short of an eventual (assuming that even happens now) IPO

That would require a degree of cleverness and intelligence that, as of yet, has not been demonstrated by the Reddit administration.