A group claiming responsibility for a Revolut data breach is demanding 6,000 XMR (roughly $3 million) within 24 hours, threatening to sell stolen customer data including passport information and Bitcoin transaction histories. The breach reportedly exposed data on at least 680 customers.
Attackers compromised a legitimate Italian state email address to impersonate law enforcement and trick Revolut into releasing personal data of approximately 680-700 customers, primarily cryptocurrency holders. The hackers are now demanding a $3 million ransom in Monero cryptocurrency with a 24-hour deadline to prevent the data's sale.
Revolut fulfilled a fraudulent information request sent from a compromised government email domain, exposing ID documents, verification selfies, and full crypto transaction histories for a limited number of high-net-worth customers.
The Office of the Comptroller of the Currency granted preliminary conditional approval to both Revolut and a16z-backed OpenReserve to establish national banks in the US. Both companies plan to offer cryptocurrency services, though additional approvals from FDIC and Federal Reserve are still required.
London-based fintech Revolut secured conditional approval from the Office of the Comptroller of the Currency for a US national bank charter, marking the first of three required federal regulatory clearances. The company still needs approval from the FDIC and Federal Reserve before launching US banking operations planned for 2027.
The ECB selected 36 payment service providers from across the euro area for a 12-month digital euro pilot scheduled to begin in the second half of 2027. The selection includes major banks like Deutsche Bank and fintech firms like Revolut as the central bank moves from planning into testing.
Revolut has started rolling out EURR, its first euro-backed stablecoin, to selected customers in three countries. Bridge serves as the regulated issuer, with €374 outstanding compared to Circle's EURC at €394.5 million.
