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
PEPENODE Introduces Next-Gen Mining Concept

PEPENODE launches a new mining concept that gamifies the mining experience without the need for expensive hardware.

Soccerverse Partners with FIFPRO for Enhanced Player Authenticity

Soccerverse has signed a licensing agreement with FIFPRO, allowing the use of names and images of over 65,000 professional football players.

NONPC Token Presale Set to Launch on December 15th

No NPC Society announces the presale of its native token, NONPC, set to open on December 15th, 2025, at 12:00 PM UTC.

CFTC and DOJ Strengthen Authority Against Insider Trading in Futures Market

The CFTC and DOJ have expanded their authority to prosecute insider trading in US commodities and derivatives markets, emphasizing the importance of market integrity.

Helium Network Expands into Brazil

Helium Network partners with Mambo WiFi to deploy crypto-earning hotspots across Brazil.

Investors Shift Focus to Stablecoin Projects in Gaming

The BGA report indicates a directional move from speculative assets towards stable economic models in gaming, favoring stablecoin infrastructure.

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