Revolut confirmed it has reported to law enforcement allegations that a former employee attempted to extort a cryptocurrency trader by threatening to leak personal data unless a ransom was paid.
The trader, who posts under the name TraderSZ, said on X that the former employee threatened to disclose his identity and private information and contacted family members who also used Revolut in an effort to pressure him.
“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 wrote.
A Revolut spokesperson said:
“The matter involved the unlawful and criminal actions of a third party, who is a former employee,”
Adding that:
“Revolut’s security systems and data protection protocols operated as intended and there was no procedural breach.”
The company said it is cooperating with authorities and remains in contact with the affected customer, while maintaining that no internal systems were compromised.
Revolut, which reached a $75 billion valuation in November 2025 and surpassed 65 million global users, has become one of Europe’s most prominent fintech platforms with significant exposure to digital asset services.
The incident comes amid a broader rise in crypto-linked ransom and so-called “wrench attacks,” with cybersecurity firm CertiK reporting a 75% increase in verified physical attacks against crypto holders in 2025.