Poynter says the BlackCat group uses ransomware and DDoS attacks, then extorts money with threats of leaking confidential information. The latter appears to be the case with Reddit, with the hackers claiming that the data they stole will expose how the social media platform tracks and silently censors users. The hackers claim to have stolen sensitive information from Reddit’s GitHub repositories and employee personal information. They initially gave Reddit until its IPO to meet its demands, a timeline they’ve now shortened.
Reddit plans to go public later this year, which explains why its CEO, Steve Huffman, justifies the new API pricing by saying the company needs to become self-sustaining. However, the revised API pricing has been called extreme by users. For example, the alternative Reddit mobile app Apollo could end up paying around $20 million each year based on its usage statistics. It plans to shut down in June due to the new costs. In protest of the changes, thousands of subreddits have gone private.
Reddit chief Huffman subsequently did an ask-me-anything session, which only inflamed the issue. In the days that followed, protesting communities have accused Reddit of using shady tactics to kick the protesting moderators out of its largest communities. According to leaks, Huffman has reportedly told employees that the backlash will pass soon, further angering protestors.
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