Europe’s largest financial technology company confirmed it had fallen victim to an impersonation scam last week

Revolut is facing a reported $3m (£2.2m) ransom demand after hackers posing as government officials accessed the data of hundreds of the bank’s cryptocurrency customers, including one victim who says he fears for his safety.

Europe’s largest financial technology company confirmed last weekend that it had fallen victim to an impersonation scam in which hackers compromised an Italian government email system to contact Revolut staff and request personal customer details.