While the cryptocurrency market is gaining momentum again, hacking news continues to come from the market. In a hot development, there are allegations that Bitfinex suffered a data breach. Accordingly, the exchange suffered a data breach involving 2.5 TB of data and 400,000 customer information. Meanwhile, Bitfinex did not make any confirmation on the issue. However, Tether CEO and Bitfinex CTO Paolo Ardoino made a statement that the data breach may not be true.
Claim: Cryptocurrency exchange experienced a serious data breach!
According to on-chain detective Shinoji Research, a data breach has occurred on Bitfinex, potentially affecting 400,000 users and resulting in the theft of 2.5 terabytes of data. By the way, it should be noted that Bitfinex has not confirmed this information yet. Shinoji Research claimed that the FSociety ransomware group was responsible for the attack. It also stated that it provided links to a page containing usernames and plaintext passwords.
Allegedly, the sheer size of the stolen data means hackers had access to all KYC documents since Bitfinex’s founding. Meanwhile, hackers threatened to leak KYC documents of all users if their demands are not met. Additionally, a follower of Shinoji Research tested one of the passwords in the breach. Thus, he received a 2-factor authentication alert confirming the validity of the breach.
Is Bitfinex data leak a fake incident?
After the development hit the news, Tether CEO and Bitfinex CTO Paolo Ardoino made a long statement on the X platform. Ardoino suggested that the Bitfinex data leak was likely a fake incident. He cited the following issues as justification for this claim:
- The sample data contains 22,500 email and password records.
- Bitfinex does not store plaintext passwords, nor does it store 2FA passwords in plaintext.
- Only 5,000 of 22,500 emails match Bitfinex users.
- The suspected hackers did not contact Bitfinex. Bug bounties, customer support tickets, etc. if they have actual knowledge. They will contact Bitfinex via .
Bitfinex CTO: This is FUD, funds are safe!
Meanwhile, Bitfinex CTO said, “While we believe this is pure FUD, we will continue to review the information to ensure nothing has been overlooked. Funds are safe. Their posts were published on April 25 and they were given 7 days to contact them. However, we became aware of this claim only yesterday. If they had real information, our bug bounty, customer support ticket, emails, twitter etc. They would want a ramson through. “We couldn’t find any demand.” said. In addition, he underlined the following points:
Different security researchers rushed to exaggerate the breach. From what we can gather though, hackers have likely amassed a database of emails/passwords from different crypto breaches. Unfortunately most users use the same email/passwords on multiple sites. We are conducting a deep analysis of our systems and currently no breaches have been detected.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!