Varun Vummadi also shared a screenshot of the email, which threatens to release manipulated data and false allegations unless the demand is met. Varun Vummadi, CEO of the San Francisco-based AI startup Giga, has alleged that an extortion scheme is targeting his company. In a tweet, Vummadi shared that a small group of individuals has obtained confidential company information and is using it to extort USD 3 million in cryptocurrency. Who is Varun Vummadi? What Varun Vummadi saidVummadi has denied all allegations of wrongdoing, terming the claims as 'wildly false and defamatory.'

Source: dna December 29, 2025 13:44 UTC