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HomeNewsCrypto Blackmailers Target Electric Car Manufacturer

Crypto Blackmailers Target Electric Car Manufacturer


Hackers, electric car manufacturer Nio‘s user-vehicle sales data and wants Bitcoin (BTC) in return.

Data security issues have become a concern for automakers and their suppliers. Hackers stole around 40 terabytes of data from German auto parts manufacturer Continental AG in August. The stolen data could include information from customers such as Volkswagen, Mercedes-Benz and BMW, German newspaper Handelsblatt reported last month. However, this time the color is a little different because the hackers were not content with what they stole, they demanded BTC on top of it.

Crypto Blackmailers Request Bitcoin From Electric Car Manufacturer

automobile manufacturer NioIn a statement, he said that the hackers wanted Bitcoin (BTC) in exchange for the stolen data.

Nio stated that he received an email where the hackers demanded $2.2 million (about 133 BTC) of Bitcoin in exchange for not releasing the data. An internal investigation revealed that some of Nio’s user and vehicle sales information prior to August 2021 had been compromised.

“The company strongly condemns such illegal acts and will not succumb to cybercrime,” Nio said in a statement, adding that he had reported the incident to regulators. The company has committed to take responsibility for any damages that may occur to customers.


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