Archive · 28 Dec 2025
Giga CEO alleges $3M extortion attempt
The CEO of a tech company called Giga said that some people are trying to blackmail his company.
They want $3 million in a special kind of money called cryptocurrency.
These people say they have secret information about Giga and will share fake parts of it if they don't get the money.
The CEO says the information is not true and that the company is doing well.
He also said they told the police and will take legal action.
Some former employees have also made claims about the company, but the CEO says these are not true either.
The company makes AI helpers for big businesses and says it is leading in its field.
Giga's CEO, Varun Vummadi, alleges an extortion attempt demanding $3 million in cryptocurrency.
Anonymous group threatens to leak manipulated snippets of stolen data if the demand is not met.
The group claims to have 70 GB of confidential company information and has made various allegations against Giga.
Giga denies the allegations, stating they are false and defamatory, and plans to pursue legal action.
Former employees and contractors have also made claims against Giga, including discrepancies in revenue claims and questionable internal practices.
- Who
- Varun Vummadi, Co-founder and CEO of Giga, and an anonymous group
- What
- Extortion attempt involving a demand of $3 million and threats to leak manipulated data
- When
- Threats began in December 2025, with a deadline of December 26, 2025
- Where
- San Francisco-based tech startup Giga
- Why
- Anonymous group claims to have confidential company information and is using it to blackmail the firm
Extortion Group
Giga
Allegations Against Giga
Extortion Group
Claims of revenue falsification, bribery, improper hiring practices, and cheating employees out of equity.
Giga
Denies all allegations, stating they are false and defamatory.
Data Leak
Extortion Group
Possesses 70 GB of confidential company information and threatens to leak manipulated snippets.
Giga
Acknowledges the data leak but states it is being used for extortion and blackmail.
Motivation
Extortion Group
Seeks $3 million in cryptocurrency and aims to send founders to jail.
Giga
Views the demands as an extortion attempt and has reported the matter to law enforcement.
- Company
- Giga
- CEO
- Varun Vummadi
- Extortion Demand
- $3 million in cryptocurrency
- Threat Type
- Data leak with 'nuclear-level' impact
- Company Response
- Informed law enforcement, pursuing legal action
- Allegations Against Giga
- False revenue numbers, hiring practices, bribing, fake customers, equity issues, blackmailing customers
- Former Employee Claims
- Discrepancies in revenue claims, bait-and-switch tactics, questionable internal remarks, excessive work hours
- Company's Stance
- Denies allegations, claims product excellence
Sources
‘Giga being extorted for $3 mn’: Indian-origin CEO says anonymous group threatens data leak with ‘nuclear-level’ impact
Indian-Origin Tech CEO Says His AI Startup Is Being Blackmailed To Extort $3 Million
