“We spent the weekend thoroughly reviewing all internal data,” Ardoino stated. “As I previously mentioned, Bitfinex’s user database was not breached.”

The false rumors originated on social media over the weekend, stemming from a tweet by Alice of Shinoji Research alleging a large-scale Bitfinex data breach by the hacking group FSociety. The tweet, later deleted, was amplified by a major breaking news account, causing widespread concern.

Alice of Shinoji Research has since acknowledged the mistake. “The original BFX [Bitfinex] hack post was inaccurate,” they admitted. “It appears a group called ‘Flocker’ compiled a list of Bitfinex login details from previous breaches, then presented it as a major hack attempt.”

Ardoino reiterated that Bitfinex’s user database remains secure. The alleged hackers, he explained, likely compiled a list of emails and passwords stolen from other compromised platforms. “Unfortunately, many users reuse the same credentials across multiple services, including crypto exchanges,” Ardoino noted.

The post Bitfinex Data Breach Debunked: CTO Confirms False Alarm appeared first on Coin Engineer.

According to a recent article published by research firm Shinoji Research, Bitfinex has confirmed a cyberattack. It is claimed that the ransomware group Fsociety stole 2.5 terabytes of data belonging to 400,000 customers, including Bitfinex users. The hackers are threatening to leak all user information and KYC data if their demands are not met.

Shinoji Research reported that a user attempted one of the leaked passwords and received a two-factor authentication alert.

CTO’s Response:

In response to the published article, Bitfinex CTO Paolo Ardoino took to Twitter to refute the claims. According to Ardoino, the cybercriminals released a 2-megabyte file containing 22,500 emails and passwords. It was revealed that only 5,000 of these emails were associated with Bitfinex users. Ardoino stated that the alleged cybercriminals had not contacted them and that they would offer a reward if they had genuine information, but no such request had been made.

It was emphasized that the hackers, who are suspected of gathering information from other sources, created an impact due to many users using the same email address.

Ardoino, emphasizing that no breach was detected, advised against believing in FUDs (Fear, Uncertainty, Doubt) and assured that funds were secure.

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