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
GitHub Report Highlights Editorial Policy

A report emphasizes GitHub's strict editorial policy prioritizing accuracy and impartiality.

Dogecoin Reclaims Key Technical Level Amid Market Analysis

Dogecoin has reclaimed the 0.013 level, attracting attention from traders and analysts.

The Coinbase Report Highlights Editorial Policy sets forth the standards for content creation, prioritizing accuracy, transparency, and neutrality in reporting.

Coinbase emphasizes its strict editorial policy prioritizing accuracy and impartiality.

Farside Introduces Strict Editorial Policy

Farside has implemented a strict editorial policy that emphasizes accuracy, relevance, and impartiality in its reporting.

New Analysis Developed Using SEC Data.

The report is based on information sourced from the SEC, providing accurate financial insights to stakeholders. This ensures that the information presented is reliable and up-to-date.

Vitalik Buterin Stresses Importance of Editorial Integrity

Vitalik Buterin emphasizes the importance of a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance trustworthiness in information.

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