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
Key Issues Cause Delays in Crypto Market Structure Bill Progress

Key issues are causing delays in the Senate's progress on the crypto market structure bill, including stablecoin yield, conflicts of interest, and DeFi regulations.

Bitcoin Miners Diversifying into AI Computing

Large Bitcoin miners are diversifying their infrastructure to support AI computing, leveraging their energy resources.

Concerns Over MSCI's 50% Asset Threshold

Strive raises concerns about the feasibility of MSCI's proposed 50% asset threshold for Bitcoin holdings.

Strive CEO Emphasizes Bitcoin Miners' Importance for AI

Strive CEO Matt Cole emphasizes the importance of Bitcoin miners in providing infrastructure for AI computing, highlighting their role in meeting the rising demand for power in the sector.

Ethereum NUPL Approaches 0.22 Indicating Market Stability

Ethereum's Net Unrealized Profit/Loss (NUPL) metric reaches 0.22, suggesting a balanced market with reduced panic selling pressure.

FTX Bankruptcy Causes Major Disruption in Cryptocurrency Markets

FTX has filed for bankruptcy, leading to a significant drop in Bitcoin prices and increased regulatory scrutiny on crypto exchanges.

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