Less than three months before the owner of the world’s largest chain of money-exchange shops unraveled in an accounting and governance scandal, it faced another challenge: It was at the mercy of hackers.

Wall Street Journal

© Jeff Greenberg via Getty Images | Travelex Paid Hackers Multimillion-Dollar Ransom Before Hitting New Obstacles

Earlier this year Travelex made news after attackers shut down its computer networks. Now the Wall Street Journal is reporting new details about the incident, including how much the foreign exchange company paid to resolve its problem: $2.3 million in the form of 285 Bitcoin.

Travelex found itself crippled after a New Year’s Eve attack and later confirmed in a statement that its network was offline due to the Sodinokibi ransomware, aka REvil. By January 13th it was updating customers on its recovery process and said January 17th that the first of its customer-facing systems were back up and running. That isn’t the end of its issues, however, as the parent company, Finablr announced today that it appointed a bank as an Independent Financial Advisor to “explore strategic options for the Company including a debt restructuring, capital raise or sale of assets.”

This article was originally published by the Wall Street Journal.
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