Approximately 30 minutes ago, Shinoji Research reported allegations that hackers had compromised user data on Bitfinex, a cryptocurrency exchange, and leaked 2.5 TB of data. The alleged group behind the hack, Fsociety, claimed responsibility. Nonetheless, Bitfinex's CTO Paolo Ardoino, also the CEO of Tether, denied the accusations, labeling them as 'fake'. He assured users that their funds were secure by stating that only a small portion of the leaked email and password records were linked to Bitfinex users. Ardoino emphasized that Bitfinex does not store sensitive information like plaintext passwords or 2FA details. Furthermore, he mentioned that the alleged hackers did not reach out to the company for a ransom and reassured users that Bitfinex has not discovered any security breaches so far. Ardoino mentioned that the platform's KYC system has restrictions to prevent bulk data downloading. Despite suspicions from security researchers, Bitfinex continues to investigate the situation to verify that no breaches have occurred. Lastly, Ardoino reiterated that user funds are safe.
Response to Allegations of Bitfinex Data Breach

by Giorgi Kostiuk
a year ago
Other news
Chainlink Sees 6% Increase to $14 Amid Neutral Market Sentiment

Chainlink (LINK) has surged 6% to hit $14 while the overall cryptocurrency market remains neutral.

Various Companies Launch Investment Strategies in Ethereum

New strategic moves by companies investing in Ethereum, including moves from GameSquare and SharpLink.

How No-KYC Exchanges Work: A Review of StealthEX, ChangeHero, and Swapuz

Exploring the advantages and disadvantages of no-KYC exchanges. A review of StealthEX, ChangeHero, and Swapuz.

Senate Hearing on Digital Assets: A Key Catalyst for New Crypto Regulation

The U.S. Senate will hold a hearing on digital asset regulation, which may define the future of cryptocurrencies in the country.

Potential Bitcoin Breakout: New Perspectives on Achieving an All-Time High

Bitcoin may soon set a new record. Analysis shows that current conditions favor a potential breakout.

SEC Hearings May Change XRP's Standing in Long Legal Battle

The SEC's closed-door meeting on July 10 has sparked speculation about XRP and the potential conclusion of the Ripple case.

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