The official Instagram account of American hip-hop group Migos, which has over 13 million followers, was hacked in a targeted attack that resulted in the leak of sensitive personal information belonging to Raj Gokal, co-founder of blockchain platform Solana. The attackers posted confidential data including Gokal's phone number, driver's license, and passport. This breach was part of a $4.3 million Bitcoin ransom demand, with the hackers seeking 40 BTC to refrain from releasing the information. Gokal reportedly refused to pay the ransom, leading to the public exposure of his private details. The incident has sparked debate over the security and implications of Know Your Customer (KYC) protocols, with some critics arguing that KYC processes contribute to vulnerabilities and enable extortion. The hack was facilitated through social engineering that compromised Gokal's email, and the attackers used the Migos Instagram page to amplify the impact of their extortion attempt.