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.
Refutation of Rumors Regarding Database Hack by Bitfinex CTO

by Giorgi Kostiuk
2 years ago

Other news
Nexchain Introduces AI-Driven Layer1 with Revenue Sharing

Nexchain is an AI-focused Layer1 blockchain that combines scalability and user rewards.

IPO Genie Opens Private Market Opportunities

IPO Genie provides everyday users access to private market and pre-IPO investment data.

APEMARS APRZ Offers Substantial Returns for Early Investors

APEMARS APRZ is currently offering an incredible opportunity for early investors with its Stage 5 pricing set at 0.000003629, allowing for substantial token acquisition and projected returns of 15,000%.

Quant Price Pulls Back After Failing to Break Resistance

Quant's price has pulled back to 7954 after an unsuccessful attempt to break above the descending channel resistance.

SEC Clarifies Regulations for Tokenized Securities

The SEC clarifies that tokenized securities are subject to the same federal laws as traditional securities.

Market Trends Shift as Investors Reassess Durability

Investors are shifting focus from speed to durability in the crypto market, with Zero Knowledge Proof (ZKP) gaining attention.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter