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
Community Reactions to Dark Defender's XRP Analysis

Community reactions to Dark Defender's XRP analysis highlight the importance of fundamental factors like adoption rates and regulatory environment alongside technical analysis.

TRX Approaches 0322 Resistance After Forming Higher Lows

TRX has formed higher lows and is approaching the 0322 resistance level, indicating bullish momentum.

GBPUSD Currency Pair Shows Resilience with Rebound Toward 13250

The GBPUSD currency pair is rebounding toward the 13250 level, approaching its nine-day EMA, indicating a critical technical juncture for traders.

Bitcoin Mining Difficulty Set to Increase

The Bitcoin network is expected to see a difficulty adjustment, increasing by approximately 4.17% due to faster block times.

Upcoming US Inflation Data Could Impact Bitcoin Prices

Analysts are closely watching the upcoming core PCE figure for March, which is set for release on April 9. Should this number come in above the 3.1% increase recorded in February, analysts anticipate a further decline in expectations for policy rate cuts, which could place additional downward pressure on Bitcoin prices.

Ethereum Approaches Critical Price Levels Amidst Market Compression

Ethereum is nearing the $2,000 level as price action compresses, indicating a potential breakout or breakdown.

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