According to the London lawsuit, Graff Diamonds Corporation has to pay $7.5 million in Bitcoin to the Hacking gang from Russia after they leaked all the data related to the jeweller’s high-profile clients.
According to the client, Graff counts as Middle East royalty which sued its insurer for losses over the extortion, stating that the payment should be covered under this policy. Traveller Companies Inc is denied to pay the jeweller caused of the Bitcoin ransom.
In Sep 2021, the ransomware group attacked as the data leaked about Saudi, Qatar and UAE royal families. Conti apologised to them in an unusual move for a hacking group. However, he also threatened to leak more of Graff’s data.
“Our goal is to publish as much Graff’s information as possible regarding the financial declarations made by the US-UK-EU neo-liberal plutocracy, which engages in obnoxiously expensive purchases when their nations are crumbling under economic duress,” the group said.
Graff’s offered half their starting demand of $15 million to a Bitcoin wallet as of November 3 of last year to stop more of its data from being published.
The payment of Graff’s would have been worth 118 Bitcoin on November 4; 118 Bitcoin was worth a much-lower $2.3 million.
“The criminals threatened targeted publication of our customer’s private purchases,” a Graff spokesperson said. “We were determined to take all possible steps to protect their interests and negotiated a payment which successfully neutralised that threat.”
