ReferIndia News ‘Giga being extorted for $3 mn’: Startup CEO says anonymous group threatens data leak

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‘Giga being extorted for $3 mn’: Startup CEO says anonymous group threatens data leak

Published on: Dec. 28, 2025, 8:48 a.m. | Source: The Financial Express

Giga CEO Varun Vummadi has disclosed an extortion attempt of $3 million by a group that illegally obtained confidential company data. The group threatens to release manipulated data if the demand is not met. Vummadi denies all allegations and has informed law enforcement. Former employee Jared Steele has also made claims of fraud and unethical […] | financialexpress.com

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