Luxury Jeweler Launches Legal Fight over $7.5M Bitcoin Ransom | CoinMarketCap

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Luxury Jeweler Launches Legal Fight over $7.5M Bitcoin Ransom | CoinMarketCap
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Graff Diamonds paid millions of dollars to the Conti ransomware group — but is suing an insurer because it is refusing to cover the payout.💍

A luxury jeweler paid $7.5 million in Bitcoin to Russian hackers to stop confidential files from being leaked, it has emerged.

The British-based firm had been targeted by the Conti ransomware group — and initially, the cybercriminals were demanding $15 million in BTC. Bizarrely, the hackers ended up apologizing after they released files relating to the royal families of Saudi Arabia, Qatar and the United Arab Emirates.

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