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
2 years ago

Other news
Bubblemaps Launches BMT Token Amid Market Challenges

Bubblemaps has launched its own token, BMT, which saw oversubscription in its IDO despite market skepticism.

Market Crashes: Over Half of High-Profile Tokens Lose 99% of Value

Bubblemaps reports that over half of the 38 previously high-profile tokens have experienced severe price declines, with some losing as much as 99% of their market value.

Bubblemaps Reveals Wallet Clustering Among US Teams Leading to Token Crashes

Bubblemaps has identified over 50 US-based teams linked to severe price declines in 38 high-profile tokens as of November 2025.

Analysts Predict Bitcoin Price Movements

Analysts are predicting potential liquidations and price movements for Bitcoin, with significant liquidation clusters identified.

San Francisco Tech CEO Faces Fraud Allegations Over $13 Million Misuse

A CEO of a San Francisco tech startup is accused of defrauding investors of $13 million by misusing funds for personal luxuries.

Decentralized Exchanges Experience Significant Growth in Spot Trading Activity

A report by CoinGecko reveals that decentralized exchanges (DEXs) have significantly expanded their share of spot trading activity, with the DEX to CEX spot trading ratio rising from 60 in January 2021 to 212 in November 2025.

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