📰 Table Of Contents
Bitfinex CTO Dismisses Alleged Data Breach
Bitfinex’s CTO Paolo Ardoino refutes claims made by hacking group Fsociety regarding a breach of the cryptocurrency exchange’s database. Ardoino labels the claims as “fake” and highlights the absence of any ransom request through official channels.
Misinformation Circulation
The misinformation about Bitfinex’s alleged data breach started circulating on social media, triggered by a tweet from Alice of Shinoji Research. The tweet, later deleted, gained traction after being picked up by Walter Bloomberg, claiming that Bitfinex’s data had been hacked.
Clarification by Ardoino
Ardoino clarified that Bitfinex does not store plaintext passwords or 2FA secrets in clear text, casting doubt on the credibility of the alleged breach. Out of the leaked records, only a fraction matched with Bitfinex users, indicating a potential data aggregation from previous breaches.
Refutation of Claims
Despite claims by Fsociety, no significant data breach has been acknowledged by Bitfinex. Ardoino questions the legitimacy of Fsociety’s assertions and shares insights suggesting a motive behind fabricating the claim.
Assurance to Users
Ardoino assures users that Bitfinex will thoroughly investigate the situation. As of now, there is no evidence of a breach, and user funds remain secure.
Historical Context
Bitfinex faced a notable hacking incident in 2016, resulting in the compromise of over 95,000 Bitcoins. Individuals involved in the hack were prosecuted for money laundering charges related to the incident.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
