• 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

Trump Shifts Crypto Focus from Meme Coins to Bitcoin Investments

chest

US President Donald Trump and his family have made significant investments in Bitcoin-related firms, moving away from meme coins.

user avatarBayarjavkhlan Ganbaatar

Senator Elizabeth Warren Raises Concerns Over OCC's Crypto Charters

chest

Senator Elizabeth Warren raises concerns about the OCC's approval of national trust bank charters for crypto firms, questioning their eligibility and potential regulatory violations.

user avatarElias Mukuru

XRP ETFs Experience Record Inflows Amid Market Consolidation

chest

XRP spot ETFs have recorded their highest weekly inflow since January 2026, totaling $605 million, despite a low price environment.

user avatarMohamed Farouk

Citadel Advisors Takes Major Position in XRP ETFs

chest

Citadel Advisors has reportedly made significant moves into Spot XRP ETFs, closing all put options on the Canary XRP ETF while maintaining call options, signaling a bullish outlook on XRP prices.

user avatarDiego Alvarez

Strategy's Bitcoin Accumulation Strategy Advances

chest

Strategy has significantly increased its Bitcoin holdings, now controlling 843,738 BTC, and is planning to repurchase $1.5 billion of its 2029 convertible notes.

user avatarKenji Takahashi

Ethereum Dominates Decentralization Over Solana

chest

Ethereum continues to lead in decentralization, significantly outpacing Solana in validator count.

user avatarMaria Fernandez

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.