A troubling incident has emerged involving a former employee of Revolut, who allegedly attempted to extort a cryptocurrency trader by threatening to disclose his personal information unless he paid a ransom. This claim was made by the trader, known as TraderSZ, in a post shared on X.
TraderSZ detailed that the ex-employee not only threatened to reveal his identity but also reached out to family members, pressuring them for payment. According to the trader, relatives who utilized Revolut received messages from the former employee, indicating they had accessed their details and were using them for blackmail.
In response to these serious allegations, a spokesperson from Revolut confirmed that the company has reported the incident to law enforcement and that an investigation is underway regarding the former employee”s conduct. The spokesperson emphasized, “This matter relates to the unlawful and criminal actions of a third party, who is a former employee.” They assured that Revolut“s security systems and data protection protocols functioned correctly and that there was no procedural breach in this incident.
TraderSZ provided screenshots purportedly showing conversations with Revolut“s customer support related to the matter. However, attempts by Cointelegraph to obtain further details from TraderSZ regarding the specifics of the accessed information and whether a formal complaint had been filed have not yet received a response.
In a wider context, this incident highlights a growing trend of ransom attempts and threats against cryptocurrency investors. Recent reports indicate that physical attacks on crypto investors, often referred to as “wrench attacks,” have surged significantly, with verified cases rising by 75% to 72 incidents recorded globally in 2025, according to cybersecurity firm CertiK.
As Revolut continues to grow, reaching a valuation of $75 billion in November 2025 and boasting over 65 million global users, the fintech company faces increasing scrutiny regarding its security measures. The incident also serves as a stark reminder for cryptocurrency investors about the vulnerabilities associated with personal data and the potential threats that can emerge from within organizations.
With authorities actively investigating this case, the outcome will likely influence how Revolut and other fintech companies approach data security and employee conduct moving forward. The crypto space remains perilous, and both companies and users must remain vigilant in protecting personal information.
