Former Revolut Staff Member Allegedly Demanded Cryptocurrency Payment to Keep KYC Information Private
An individual trading cryptocurrencies reported that a past Revolut worker attempted extortion and reached out to family members. The company has verified ongoing inquiries while stating their infrastructure remained secure.
An individual involved in cryptocurrency trading has reported that a past employee of Revolut attempted to blackmail him through threats of publishing his sensitive personal data if he refused to submit payment, a claim that the financial technology company has acknowledged reporting to the appropriate law enforcement agencies.
The individual conducting trades, who uses the online handle TraderSZ, shared in a Thursday publication on the social platform X that the former worker threatened to make public his real identity along with confidential personal information and additionally made contact with his family members. According to TraderSZ, family members who maintained accounts with Revolut were sent communications designed to coerce him into making the demanded payment.
"They looked up my details and found any other family member using Revolut and contacted them to force to pay up or be blackmailed."
TraderSZ shared screenshots that he claimed displayed conversations with Revolut's customer service team about the incident. Cointelegraph reached out to TraderSZ seeking further information, including which particular data points were compromised and whether an official complaint had been submitted, but had not received a reply at the time of publication.
Revolut confirms investigation, says no systems breached
A representative speaking on behalf of Revolut verified that the organization has submitted the case to law enforcement officials and that investigating authorities are currently examining the purported actions of a previous employee.
"This matter relates to the unlawful and criminal actions of a third party, who is a former employee," the company representative informed Cointelegraph. "Following a review of the incident, we have confirmed that Revolut's security systems and data protection protocols operated as intended and there was no procedural breach."
According to the spokesperson, Revolut maintains ongoing dialogue with the impacted customer.
Revolut operates as a British-based financial technology enterprise that achieved a $75 billion valuation in November 2025.
The digital platform provides a mobile banking service that exceeded 65 million users worldwide in September 2025. It ranked among the most frequently downloaded financial services applications throughout 2024 in Western European markets, achieving a 7% market penetration, based on data from its annual report.
Crypto ransom attacks are threatening investors
Extortion schemes and violent physical confrontations are emerging as a growing danger to individuals who invest in cryptocurrencies.
During the beginning of February, law enforcement officials in France took six individuals into custody in connection with an abduction and cryptocurrency-related extortion scheme that targeted the romantic partner of a magistrate, who operates as a crypto business owner.
During the entirety of 2025, French law enforcement authorities brought charges against 25 suspects in incidents connected to kidnappings, kidnapping attempts and demands for ransom payments.
Violent physical confrontations directed at cryptocurrency holders, commonly referred to as "wrench attacks," saw an increase of 75% throughout 2025 to reach 72 confirmed incidents across the globe, based on data from the cybersecurity firm CertiK.