Bitfinex, the world-renowned crypto exchange, has been hit by a massive data breach, exposing sensitive information belonging to almost 400,000 consumers. The breach involved a staggering 2.5 terabytes of data, causing widespread concern about the safety of accounts and funds. Paolo Ardoino, the CTO of Bitfinex and CEO of Tether, expressed skepticism about the hack, stating that the situation “seems fake” given the available information.
While the CEO of Tether did not deny the compromise of data, he raised doubts about the veracity of the breach. According to the CTO, the accused hackers released a sample dataset of 22,500 email addresses and passwords in two mega links. However, he emphasized that Bitfinex does not store 2FA secrets or plaintext passwords in plaintext.
Furthermore, out of the 22,500 emails, only 5,000 are associated with Bitfinex users. The CEO also highlighted that the hackers had not made direct contact with Bitfinex, indicating that they had set a deadline for communication in their initial statement.
Despite the alarming situation, Tether’s CEO reassured consumers that their systems have not been breached after a thorough review. He also mentioned the stringent security measures already in place, such as the KYC platform’s strong rate limitation, which prevents large-scale data downloads.
In other crypto news, Charles Hoskinson hinted at a potential collaboration between Cardano and Bitcoin Cash.
