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Jeweler Graff Diamonds Pays $7.5 Million Bitcoin Ransom to Hackers

Luxury British jewelers Graph Diamonds Corporation has paid রা 7.5 million in Bitcoin to a Russian hacking gang after it leaked information to jewelers’ high-profile clients, according to a lawsuit in London.

Luxury British jewelers Graph Diamonds Corporation has paid রা 7.5 million in Bitcoin to a Russian hacking gang after it leaked information to jewelers’ high-profile clients, according to a lawsuit in London.

Graf, which calculates Middle Eastern royalties within its client base, sues its insurer for damages due to extortion that the payment should be included under their policy. The Travelers Company Inc. Bitcoin is refusing to pay the jewelers caused by the ransom, Graf complained.

In September 2021, Ransomware Group County attacked high-profile jewelers by leaking information about the royal families of Saudi Arabia, the United Arab Emirates and Qatar. Conti apologized to the family for an unusual move for a hacking group, but threatened to leak more information to Graf.

“Our goal is to publish as much graph information as possible about the financial declarations made by the US-UK-EU neo-liberal plutocracy, which engage in offensively expensive purchases when their nations are collapsing under economic pressure,” the group said. To report at that time.

Conti accepted Graff’s offer on November 3, 2021, half of Graff’s initial demand for বি 15 million in a Bitcoin wallet to stop releasing more of its data. Since then, the price of Bitcoin has fallen, meaning Graph has paid a ransom at one of the all-time high prices of Bitcoin.

It is unknown at this time what he will do after leaving the post. Graph’s payment would have cost 118 bitcoins on November 4 – but in London on Tuesday, 118 bitcoins were worth far less than $ 2.3 million.

“Criminals have threatened to disclose the personal purchase targets of our customers,” said a Graf spokesman. “We were determined to take all possible steps to protect their interests and therefore negotiated a payment that would successfully neutralize that threat.”

“We are deeply disappointed and disappointed by the efforts of travelers to avoid this insured risk. They have left us no choice but to bring this recovery operation to the High Court, ”they said.

Lawrence Graf controls jewelry closely, valued at 5. 5.9 billion, according to the Bloomberg Billionaire Index.

A representative for Travelers and a lawyer working on behalf of the insurer did not respond to multiple requests for comment.




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