Newest Ransomware Payment Method

[itman 1,807]

Quote

Schneider Electric confirmed that it is investigating a breach as a ransomware group Hellcat claims to have stolen more than 40 GB of compressed data — and demanded the French multinational energy management company pay $125,000 in baguettes or else see its sensitive customer and operational information leaked.

And yes, you read that right: payment in baguettes. As in bread.

Schneider Electric declined to answer The Register's specific questions about the intrusion, including if the attackers really want $125,000 in baguettes or if they would settle for cryptocurrency.

https://www.theregister.com/2024/11/05/schneider_electric_cybersecurity_incident/

That's one hell of a lot of "dough!"

Edited November 7 by itman

[cyberhash 201]

They should have used their "Loaf" and not settled for a "Slice" and went for the "Wholemeal". Sounds like a bit of a "Half Baked" plan 😂

 

[TheStill 29]

There is going to be a happy baker somewhere. 😂

[itman 1,807]

Another bit of info here. Someone in the comments section of TheRegister article noted the following;

Quote

Y'all realize there is actually a cryptocurrency called "Baguette", right?

"Baguette Token is a community-based meme project implemented as an ERC20 token. BGTT is distributed as a reward for contributions made to its ecosystem. Its goal is to bridge the culinary and cryptocurrency worlds and provide partnerships with bakeries all around the world. The project strongly believes in the power of memes, even quoting Elon Musk’s tweet: “Who controls the memes, control the Universe” in their whitepaper. One of Baguette Token's main goals is to usurp the king of meme coins — Dogecoin — in an aptly named event called the ‘Baguettening."

The total supply of BGTT is 50M units, at a value of $0.0009146 USD. That means the total supply is worth a bit over $45,000 in USD. So this ransom is impossible to pay because there is not enough BQTT in existence.

It is always possible some fool owns a bunch of these coins, and this ransom is actually an attempt to move the market. If the coin became worth a full cent, that would be a 10x on their "investment" at current prices. Their payday would be profitably selling their coins on the open market so that Schneider could have enough to actually pay the fine.

 

Edited November 8 by itman