Fun

Bitfinex database breach 'seems fake,' says CTO

News Feed - 2024-05-05 02:05:56

Ciaran Lyons3 hours agoBitfinex database breach "seems fake," says CTOBitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he "couldn"t find any request."1297 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe claims by hacking group FSOCIETY that they hacked cryptocurrency exchange Bitfinex"s database and leaked 22,500 customer emails and passwords “seems fake,” according to Bitfinex chief technology officer Paolo Ardoino.


“If they had any real information they would have asked a ramson through our bug bounty, customer support ticket, emails, Twitter, etc. We couldn"t find any request,” Ardoino claimed in a May 4 post on X.


“We don"t store plaintext passwords, nor 2FA secrets in clear text,” he added.


Adoino clarified that out of the 22,500 records of emails and passwords, only 5,000 matched with Bitfinex users. He suggested that it is more likely the hackers gathered data from various other crypto data breaches.


“Most users unfortunately use the same email and passwords across multiple sites,” he explained.


He also shared a message from a security researcher, who believes the hackers were claiming to have hacked Bitfinex as a way to promote a data retrieval hacking tool.“So by creating a buzz about successfully hacking wellknown companies / a university, it is an advertisement of how good their tool is and others should buy it so they can make millions of dollars by using it to exploit companies using this tool.”


Ardoino assured users that they would keep investigating the situation, but no breach has been detected so far, and all "funds are safe."


Related:Bitcoin post-halving price consolidation could last 2 months — Bitfinex


This is not the first time Bitfinex has faced scrutiny over data breach concerns.


In November 2023, Cointelegraph reported a minor information security incident at Bitfinex when one of its customer support agents was hacked.


This resulted in a series of phishing attacks targeting Bitfinex users, though Bitfinex stated that little harm occurred.


Meanwhile, in 2016, Bitfinex suffered a security breach resulting in the loss of 119,576 customers" Bitcoin (BTC), worth around $70 million at the time, and $7.6 billion now.


Magazine:Meme coins: Betrayal of crypto’s ideals… or its true purpose?# Security# Bitfinex# Hackers# Hacks# RegulationAdd reaction

News Feed

Bitcoin Price At $245,000? Here’s When You Should Be Expecting It
Este artículo también está disponible en español. Considering Bitcoin’s steady bullish momentumfollowing Donald Trump’s win in the US Presidential elections, a crypto
Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022’s First Quarter
Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022"s First Quarter During the last 12 months, there’s been an exponential number of cryptocurrency automated tel
Iranian Government Approves ‘Comprehensive and Detailed’ Crypto Regulations
Iranian Government Approves "Comprehensive and Detailed" Crypto Regulations The government of Iran has finalized a set of cryptocurrency regulations. A “comprehensive and de
Bitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chart
Ciaran Lyons7 hours agoBitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chartBitcoin has crossed the $62,000 mark for the first time since Aug. 3, and futures traders are scrambling to adjust their pos
XRP Confirms Head And Shoulders Breakdown: How Low Can It Go?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Fidelity Investments Launches Crypto, Metaverse ETFs — Says ‘We Continue to See Demand’
Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Fidelity Investments, one of the largest financial services firms with more than $11 trill
Prashant Jha4 hours agoMultichain inside job? And SOL surges 80% in a month: Finance RedefinedThe exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets
Global Regulators ‘Going Full Steam’ on Crypto — Official Says ‘Current Structure Is No Longer Fit for the Purpose’
Global Regulators "Going Full Steam" on Crypto — Official Says "Current Structure Is No Longer Fit for the Purpose" Global regulators are “going full steam” on cryp
Dogecoin Price Squeezes Into Triangle With Breakout Closing In
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Polygon’s Discord channel hacked, team works to regain control
Amaka Nwaokocha17 minutes agoPolygon’s Discord channel hacked, team works to regain controlAs the value and popularity of digital assets continue to rise, cybercriminals are also incentivized to exploit any vulnerabili
Gareth Jenkinson38 minutes agoBitcoin mining researchers claim new tech ups winning hash chance by 260%U.K.-based research company Quantum Blockchain Technologies has developed algorithmic search methods that boost Bitco
Lil Pump and dump: Rapper tattoos ‘Solana’ on forehead after selling SOL tokens
Ezra Reguerra14 hours agoLil Pump and dump: Rapper tattoos ‘Solana’ on forehead after selling SOL tokensLil Pump’s new Solana tattoo sparked mixed reactions from fans and the crypto community, with some criticizing