Revolut | Crypto

Revolut says it received no direct contact despite separate ransom demands for $3 million in Monero and 10,000 Bitcoin from competing breach claimants. Revolut said Thursday it had received no direct contact from those claiming responsibility for a customer data breach despite multiple public ransom demands. A group calling itself “IAmNotAVillain” publicly demanded 6,000 Monero (XMR), worth about $3 million, from Revolut within 24 hours, threatening to sell the customer records to other criminal groups, the Financial Times reported Wednesday. “Revolut has not received any direct contact or demand from the individuals or group making these claims,” a Revolut spokesperson told Cointelegraph. Read more

The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings.

Zero-knowledge technology could let companies verify who you are without storing your identity documents. So why isn’t it already standard practice? The massive theft of more than 153 million US and Canadian driver’s licenses earlier this month should make one thing abundantly clear: the safest place for a copy of your driver’s license is nowhere at all. The leaked IDs, which appear to have come from an identity verification provider, ended up on a dark web identity service dubbed Nexus, alongside millions of other stolen identity and travel documents. The danger was underscored this week after fintech Revolut revealed it had been tricked by a hacker into handing over reams of sensitive customer data, including copies of passports and verification selfies. The hacker is now drip feeding the identification documents of 680 customers onto the web in an attempt to secure a 10,000 Bitcoin ransom. Read more

Italy is probing the Revolut-linked breach after its cyber agency reported more than 650 cases involving abused or illicit certified email accounts. Italian authorities are investigating a government email breach linked to the leak of Revolut customer data after hackers allegedly used the compromised account to obtain sensitive customer information. Polizia Postale, Italy’s cybercrime police, is investigating the incident for alleged unauthorized access to a computer system and computer fraud, Italian news agency ANSA reported on Tuesday. Some Italian media reports identified the compromised account as belonging to the Prefecture of Reggio Calabria. The agency later denied sending requests to Revolut, according to ANSA. Read more

Attackers reportedly published identity documents and selfies belonging to Revolut customers and threatened to release more data each day until the fintech pays. Threat actors who obtained sensitive Revolut customer information appear to have begun posting the information online and are threatening to release more data every day until “revolut pays.” The newly leaked information reportedly includes selfies and copies of identity documents belonging to tennis player Alexander Shevchenko and Gamdom CEO Felix Römer, CEO of online crypto casino Gamdom, according to an X post from International Cyber Digest on Sunday.  “We’re going to start releasing more and more data everyday until revolut pays for leaking their customers,” the attackers reportedly said on Telegram. Cointelegraph reached out to Revolut and Römer for comment.  Read more

Passports, selfies and financial transaction histories of some customers were revealed to a fraudster using a government agency domain. Financial tech and banking company Revolut released sensitive customer data, including copies of passports, verification selfies and full transaction histories after receiving a fraudulent request that seemed to be from a government agency.  Requests for customer information sent from a legitimate government agency email domain passed Revolut’s authentication checks, according to International Cyber Digest posting on X. Revolut later concluded they were not authentic, and customers whose information was compromised were notified on Friday.  A company spokesperson told Cointelegraph on Saturday that “Revolut recently identified a sophisticated external impersonation scam where an unauthorised third party utilised a legitimate government agency domain email to submit fraudulent requests for information.” Read more

Revolut disclosed customers’ passports, verification selfies and Bitcoin transaction histories after treating a fraudulent government request as legitimate. Affected customers were told Friday that the disclosed information could include passport or driver’s license copies, verification selfies, names, dates of birth, occupations, home addresses, phone numbers, IBANs, and account statements. Withdrawal records and complete transaction histories, […] The post Revolut tricked into handing hackers the passports and Bitcoin histories of wealthy customers appeared first on CryptoSlate.

Revolut and OpenReserve received preliminary OCC approval to form US national banks, with both planning cryptocurrency and stablecoin-related services. Revolut and Andreessen Horowitz-backed crypto banking startup OpenReserve have received preliminary US regulatory approval to establish national banks, with both companies planning to offer cryptocurrency and stablecoin-related services. The Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for Revolut to move forward with a proposed bank in Connecticut and OpenReserve with one in Utah, according to separate decisions published Wednesday. The OCC said Revolut wants its own US bank to provide services at lower cost and with greater efficiency than its current model, which relies on Federal Deposit Insurance Corporation (FDIC)-insured partner banks. Read more

Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application remains pending, while federal regulators have spent the same stretch conditionally approving or converting […] The post Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system appeared first on CryptoSlate.

Revolut said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal.

The Bridge-issued EURR token will support multiple blockchains and external wallets, with wider EEA availability expected this year. [Update Aug. 26, 2026, 8:57 UTC: Added comments from a Revolut spokesperson.] Revolut has begun rolling out its first stablecoin, a euro-pegged token called EURR, to selected customers in Denmark, Poland and Portugal.  In an announcement shared with Cointelegraph on Wednesday, the company said that the phased rollout will expand to other European Economic Area (EEA) markets later this year, subject to product, operational and regulatory readiness.  Read more

Dubai’s Virtual Assets Regulatory Authority approved the London-headquartered fintech company for broker-dealer, management and investment, and exchange services in the UAE. UK-based financial company Revolut has received approval from the Virtual Assets Regulatory Authority (VARA) of Dubai to offer crypto-related services in the United Arab Emirates (UAE). In a Wednesday notice, Revolut said that, following a green light from the Central Bank of the UAE for payment activities, VARA gave in-principle approval for the company to offer broker-dealer, management and investment, and exchange services in the UAE. The company said its services via the app and the Revolut X exchange would allow UAE-based users to buy, sell and hold digital assets. “This approval lays the foundation for Revolut to introduce its trusted virtual asset services within a regulated environment,” said Revolut’s head of digital assets in the UAE free zone establishment, Joseph Khair. Read more

Revolut said USDT support remains unchanged outside EEA and Switzerland as it winds down the stablecoin offering in selected European markets. Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in the European Economic Area (EEA) and Switzerland, while support for the stablecoin will continue in other markets, a spokesperson for the company told Cointelegraph. Revolut said the decision followed a review of its crypto services and risk considerations under the European Union's Markets in Crypto-Assets Regulation (MiCA). Read more

Revolut notified some customers it will delist USDT after Aug. 31, with remaining holdings automatically converted into users’ base currency. Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns. In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026. If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users’ base currency at the day’s exchange rate, the company said. Read more

Reuters reported that Revolut plans to integrate stablecoins into its future US bank as more fintech and crypto companies chase federal banking approvals. Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company's US CEO, Cetin Duransoy. Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, which would allow the company to offer federally insured banking products nationwide under a single federal regulatory framework.  Read more

Bitcoin briefly plummeted to about 2 cents on Revolut due to what the financial platform described as a third-party service disruption.

The apparent pricing error was not reflected across broader crypto markets, suggesting a platform-specific data or display issue. Revolut users reported that the app briefly displayed Bitcoin prices plunging to around $39,900 on Friday, while some traders also received notifications suggesting extreme price moves, including that BTC had reached a 52-week low of 2 cents. Users further reported on X apparent simultaneous price drops across multiple cryptocurrencies, including XRP and Solana (SOL), as well as stablecoins such as USDt (USDT) and USDC (USDC). The anomalies, which quickly reversed, appear to have been confined to the Revolut app, with no matching price dislocation visible across aggregated multi-exchange data or derivatives markets during the same period. Read more

The financial tech company was granted a full UK banking license on Wednesday and has also applied for a federal bank charter in the United States. Financial technology company Revolut announced on Wednesday that it has launched a bank in the United Kingdom after receiving regulatory approval from the Prudential Regulation Authority (PRA), a banking and financial services regulator. Revolut Bank UK will begin offering deposit accounts for individuals and businesses, with eligible deposits up to 120,000 British pounds ($160,958) protected by the Financial Services Compensation Scheme (FSCS), according to the company’s announcement.  The FSCS offers a safety net for customer deposits at banks and other financial institutions, similar to the Federal Deposit Insurance Corporation (FDIC) insurance for US bank deposits up to $250,000.  Read more

Revolut’s renewed push for a US banking license follows a failed 2021 attempt, as the $75 billion fintech expands globally. Fintech company Revolut filed a new application for a US national bank charter as it renews its push into the North American market, marking the company’s second attempt to secure a US banking license. The London-based company said Thursday that it submitted an application to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish “Revolut Bank US, N.A.” The company also appointed fintech veteran Cetin Duransoy as the company’s new US CEO. Duransoy brings more than two decades of experience in banking, payments and technology. He previously served as US CEO of fintech marketplace Raisin. Duransoy replaces Sid Jajodia, who will remain with the company as global chief banking officer. Read more

Revolut is preparing to trial a pound-backed stablecoin inside a regulated stablecoin sandbox in the UK, with testing expected within the current quarter. While this might look like another fintech pilot in the long history of crypto payment tests, the more interesting part sits upstream of the token itself. Revolut has what most stablecoin projects […] The post Revolut’s digital pound trial shifts the UK payments debate from crypto hype to consumer protections and clarity appeared first on CryptoSlate.