> ... just speculation. The formulation (3rd conditional) makes it clear the author is aware they're speculating. > This [the dump is worthless] is entirely i

> ... just speculation. The formulation (3rd conditional) makes it clear the author is aware they're speculating. > This [the dump is worthless] is entirely incorrect Which isn't telling us why (the dump is valuable). You say that there's a legal ban on ransom, so the ban supposedly reduces market value. Black market participants evade bans, there is a black market value which clearly is the prime market for such loot. You write "it is very probable this data contains credentials" which is plausible, but the article you linked mentions logs and configs, not credentials. Maybe (before you point it out: that is also speculation) there were no credentials in the first place (dump was of low-value), or the hackers filtered them out for later use (seller filleted the fish), either way the resulting merchandise is of low value.