• 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

Solana Price Approaches Key Fibonacci Zone Amid Analyst Optimism

chest

Market analyst Crypto Patel highlights Solana's potential for a price breakout as it reenters a historically significant Fibonacci zone.

user avatarMaya Lundqvist

Bitcoin Enters DCA Zone Amid Market Uncertainty

chest

Bitcoin's price has entered a dollar-cost averaging (DCA) zone, indicating potential accumulation opportunities as market sentiment declines.

user avatarLi Weicheng

Mixed Signals in Dogecoin Network Activity

chest

Recent analysis indicates mixed signals in Dogecoin's network activity, with an increase in active addresses and transaction counts, but a decline in overall market strength.

user avatarAisha Farooq

Dogecoin Exchange Reserves Show Slight Decline

chest

Dogecoin exchange reserves have decreased by 0.20% in the last day and 0.60% in the last week, indicating a potential shift in market dynamics.

user avatarBayarjavkhlan Ganbaatar

Dogecoin Enters Depressed Valuation Zone

chest

Dogecoin has entered a deeply depressed onchain valuation zone, trading significantly below its realized price, indicating potential capitulation among holders.

user avatarTenzin Dorje

Co-Conspirator Charged in Crypto Fraud Case

chest

Brandon Michael Tardibone, 28, has been charged with conspiracy to commit money laundering and harboring an alien in connection with a crypto fraud scheme.

user avatarElias Mukuru

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.