While the group was going to wait for IPO, the API change uproar is much to convenient a time to threaten data leakage.
With Reddit somewhat imploding on the cusp of going public, some are taking advantage of the situation. Ransomware gang BlackCat (ALPHV) has recently claimed a February attack against Reddit, claiming to have stolen 80GB of data from the social media company.
In early February of this year, hackers from the BlackCat group broke into Reddit through a sophisticated and highly targeted phishing attack. Reddit employees who fell victim to the phishing effectively handed over their login credentials and second-factor tokens, allowing the attackers to access “internal docs, code, as well as some internal dashboards and business systems.
