Probably should’ve invested in better security instead of trying to chase tech trends like NFTs.

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I’ve seen a few sites welcome the news with glee, as though Reddit’s leadership is going to be strongly affected. That’s childish and myopic. This is bad news for everyone.

Whether or not Reddit pays, we should assume the data will make its way into the hands of people who (further) weaponize it against Reddit’s users, e.g. people who’ve posted risque photos of themselves or shared compromising details through throwaway accounts can be doxxed or matched to their normal accounts via their IP or other common details. PMs and other private account details might contain mailing addresses and other private or compromising information, too. (Edit: as Phoeniqz points out in replies, the article author assumes this is not the case based on Reddit’s and BlackCat’s statements about the leak.)

If Reddit knew about the breach earlier and didn’t do their due diligence to alert users, then that’s further condemnation of their leadership and priorities, but it doesn’t undo the damage this might cause users.

If Reddit were to pay BlackCat, then it would further enrich, reward, and encourage them. If, as is more likely, it doesn’t, then the blowback it receives (especially from any high profile consequences of the leak) might encourage other companies to pay up in future.