Madonna crypto ransom scheme next after President Trump

Madonna crypto ransom scheme

Reportedly, after auctioning sensitive data about America’s Donald Trump, Popstar Madonna crypto ransom scheme is set to be the next to be carried out by REvil, a group of crypto-ransomware hackers.  Sensitive data auctioning about Madonna will begin May 25 with a starting bid fee of $1 million to be paid in Monero crypto coin.

In a press release by the hacking group on Monday, they revealed that they are going to be auctioning data about the pop star.

Rules behind Madonna crypto ransom scheme auction

The hacking group has also laid down rules to ensure a smooth auction. They said information to be auctioned would only go one way, and transactions will be kept confidential. They said further that they would delete their copy of the data, and the buyer can choose to do whatever he likes with the information.

With the Madonna crypto ransom scheme preceding Donald Trump, the group claims that an investor already bought the dirty laundry of the president. According to the hackers, the data could threaten Trump’s reelection, and they are pleased with the bargain they got.

They said to voters that if such information about the president leaks to them, they would certainly not want him as president anymore.

REvil claims cannot be ascertained if it is real or mere scare. However, it is clear that the group sourced for data from a New York law firm, Grubman Shire Meiselas & Sacks. This law firm manages celebrities like Elton John, Lady Gaga, Lebron James, but Trump is not one of their clients.

REvil and Lady Gaga

Earlier this month, before they thought of the Madonna crypto ransom scheme, the group leaked sensitive information about Lady Gaga. More than 3,000 files in 350 folders were leaked. Reportedly, Expense reports, confidentiality agreements, and certificates of engagements were some of the leaked information.

The hackers currently hold the New York law firm ransom of around $42 million, which the law firm is yet to settle. The hackers threatened that terming their exploits an act of terrorism, as Grubman called it, is only their recourse as it does not stop their work.

Previously, the group used to accept ransom in Bitcoin but changed to Monero since finding out that authorities can trace Bitcoin transactions.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

Starfish Finance Proposes DeFi-NFT Convergence on Polkadot
Dogecoin price analysis: DOGE slowly continues sideways, retests $0.06
Cardano price analysis: ADA finds support at $0.4300; where is the asset headed next?
ChainLink price analysis: LINK shows consistency at $7.7
Spanish telco announces Web3 adoption

Follow Us

Industry News

Spanish telco announces Web3 adoption
The Sandbox and HSBC flop show
Is Coinbase listing LUNC?
Big news for Facebook and Instagram crypto community.
Another pro-crypto news from Blackrock. This time it is for Europe markets