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flag Giga, a San Francisco AI startup, says it’s being blackmailed for $3 million in cryptocurrency over stolen data, denying any wrongdoing.

flag Giga, a San Francisco-based AI startup, says it is being extorted by a group demanding $3 million in cryptocurrency, threatening to release manipulated data unless paid. flag CEO Varun Vummadi alleges the group obtained confidential information illegally and sent threatening emails starting December 13, using Proton Mail and demanding payments in Bitcoin and Monero. flag The company denies all wrongdoing, calling the claims part of a blackmail scheme, and says it has reported the incident to law enforcement. flag The extortion comes amid public scrutiny following viral allegations by a former employee about mismanagement and misconduct, which Giga has dismissed as false.

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