Bitfinex CTO Paolo Ardoino Refutes Rumors Of A Database Hack

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As a seasoned crypto investor with years of experience in this volatile market, I can’t help but feel a mix of relief and skepticism after reading Paolo Ardoino’s recent statements regarding the alleged database hack on Bitfinex.

Paolo Ardoino, Tether’s CEO, dismissed rumors about a potential Bitfinex database hack as unlikely to be true.

As a researcher, I came across a post by Paolo on the platform X where he discussed an alleged database hack. In this incident, it is claimed that malicious actors uploaded two large files containing approximately 22,500 email addresses and their corresponding passwords.

He explicitly stated that neither two-factor authentication codes nor plain passwords are stored for the reassurance of user account safety. He also mentioned that only about 22.5% of the affected emails belonged to Bitfinex clients, and even if a breach had occurred, its impact would likely be insignificant.

Significantly, the individuals accused of hacking Bitfinex didn’t reach out to the company, casting uncertainty over the authenticity of their accusations. Paolo Ardoino emphasized that no ransom demands were made via common avenues such as bug bounty programs, customer service requests, or social media sites.

Security experts raised alarm about a potential data breach, but it seems that the hackers had amassed information from multiple past cryptocurrency hacks. Tether is meticulously examining its own systems and as of now, has detected no sign of a breach. The company reassures users that their funds remain secure.

In the closing remarks, he underscored their commitment to ensuring user security. He reassured the community that their funds were safe and vowed to remain vigilant in protecting against potential threats.

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2024-05-04 18:44