World Leaks Extortion Group Claims Breach of India’s M1xchange TReDS Platform On June 9, 2026, the extortion group World Leaks listed M1xchange, India’s leading RBI-approved Trade Receivables Discounting System (TReDS) platform, on its dark-web leak site. The group, a rebrand of Hunters International, shifted its tactics in early 2025 from ransomware encryption to pure data-theft extortion, threatening to leak stolen information unless a ransom is paid. M1xchange, operated by Mynd Solutions and founded in 2015, facilitates collateral-free liquidity for micro, small, and medium enterprises (MSMEs) by enabling them to auction unpaid invoices to financiers. The platform connects suppliers, corporate buyers, and financial institutions, making any potential data exposure a risk to India’s broader MSME financing ecosystem. As of now, the breach claim remains unverified. Security researchers monitoring the leak site report no evidence of exfiltrated data being hosted or disclosed. M1xchange has not issued an official confirmation regarding the incident. World Leaks has previously targeted high-profile entities, including a Dell demonstration platform earlier in 2026. The group’s extortion model relies on publicly shaming victims to pressure them into paying ransoms. The impact of this alleged breach if confirmed could disrupt trust in digital trade financing platforms across India.