• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Refutation of Rumors Regarding Database Hack by Bitfinex CTO

user avatar

by Giorgi Kostiuk

2 years ago


The CEO of Tether, Paolo Ardoino, recently challenged rumors of a possible database hack on Bitfinex, asserting that they were likely unfounded. Ardoino addressed the issue through a statement on the matter, indicating that claims of hackers uploading massive amounts of data containing email addresses and passwords were not genuine. He clarified that sensitive information like 2FA secrets and plaintext passwords are not stored to alleviate concerns about user account security. Out of the 22,500 emails shared, only 5,000 belonged to Bitfinex customers, diminishing the potential impact of any actual breach significantly. Crucially, the individuals claiming responsibility for the breach did not communicate directly with Bitfinex, casting doubts on the legitimacy of their assertions. Ardoino pointed out the absence of ransom demands through traditional channels, such as bug bounty programs, customer support tickets, or social media platforms, further undermining the credibility of the alleged breach. Despite concerns raised by security experts, investigations indicate that the hackers compiled data from several cryptocurrency breaches. Tether has initiated a comprehensive review of its systems and found no evidence of a breach, affirming the safety of users' funds. Ultimately, Ardoino reiterated their unwavering commitment to safeguarding user assets, pledging continued vigilance to mitigate potential risks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Recent Market Correction Severely Affects Proxy Bettors

chest

The recent market correction has severely affected proxy bettors, particularly those invested in MicroStrategy and related public pension funds.

user avatarFilippo Romano

Kolo's Integration with TRON Enhances Stablecoin Transactions

chest

Kolo integrates with TRON for TRC20 USDT transfers, enhancing stablecoin transactions.

user avatarTomas Novak

TRON Defends Key Price Level Amid Market Volatility

chest

TRON is working to maintain the 030 price level amid market volatility, with Kolo integrating TRC20 USDT transfers to enhance transaction efficiency.

user avatarEmily Carter

Moscow Exchange Expands Digital Asset Offerings

chest

Moscow Exchange plans to introduce new indices and futures for XRP, Solana, and Tron, enhancing trading options for investors.

user avatarKaterina Papadopoulou

XRP's Unique Payment Architecture Legally Protected by Patents

chest

An XRP community member highlights the legal patents that protect XRP's unique payment architecture, making it difficult for other cryptocurrencies to replicate its functionality.

user avatarMaya Lundqvist

Ethereum's Price Experiences Drop and Tries to Rebound.

chest

Ethereum price has dropped below key levels and is now trying to recover from a low of 2,073.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.