A crypto trader alleged that a former Revolut employee tried to blackmail him and got in touch with his family. Revolut confirmed that they were conducting an investigation and denied any system hacking.
A cryptocurrency trader stated that a former Revolut employee tried to blackmail him by threatening to make his personal information public unless he paid a ransom. Revolut has acknowledged that they told the police about this.
TraderSZ, the trader, posted on X on Thursday that the former employee threatened to reveal his identity and private information and also got in touch with his family members. TraderSZ said that family members who used Revolut got texts telling them to pay him.
“They looked up my information and found any other family member who used Revolut and contacted them to make them pay or be blackmailed.”
TraderSZ shared screenshots that he says show conversations with Revolut’s customer service about the event.
Source: TraderSZ
Company says incident linked to former employee
A Revolut spokesperson confirmed that the company has reported the matter to law enforcement and that authorities are investigating the alleged conduct of a former employee.
This matter has to do with the illegal and criminal actions of a third party, who is a former employee. We have confirmed that Revolut’s security systems and data protection protocols worked as they should have and there was no breach of procedure after looking into the incident.
The spokesman asserted that Revolut is in communication with the impacted consumer.
In November 2025, Revolut, a British fintech business, was worth $75 billion.
The platform has a mobile banking app that had more than 65 million users around the world in September 2025. According to its annual report, it was one of the most downloaded financial services apps in Western Europe in 2024, with a 7% market penetration.
Rising threat of crypto-linked ransom attacks
Cryptocurrency investors are facing more and more threats from ransom attempts and violent attacks.
In early February, French police detained six persons who were planning to abduct the magistrate’s partner, a crypto entrepreneur, and demand a ransom in Bitcoin.
In 2025, French authorities charged 25 people with crimes relating to kidnappings, attempted kidnappings, and ransom demands.
A cybersecurity provider, physical attacks on cryptocurrency investors, often known as “wrench attacks,” rose by 75% in 2025, reaching 72 confirmed occurrences around the world.