A mind-boggling revelation has rocked the renowned cryptocurrency exchange Bitfinex, as reports of a colossal 2.5TB data breach have emerged, leaving sensitive information exposed. With almost 400,000 customers affected, concerns over the safety of accounts and funds have escalated following a previous attack. Paolo Ardoino, the CTO of Bitfinex and CEO of Tether, has expressed skepticism regarding the authenticity of the hack, deeming the situation “seems fake” based on the current available information.
As details about the data leak continue to surface, Tether’s CEO has shed some light on the matter. While he did not deny the compromise of data, he raised doubts about the legitimacy of the breach. The CTO stated that the alleged hackers released a sample dataset containing 22,500 records of 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 have not made direct contact with Bitfinex, indicating that they have set a deadline for communication in their initial statement.
Despite the alarming situation, Tether’s CEO reassured customers that their systems have not yet been breached following a thorough review. He further mentioned the robust security measures already in place, including the KYC platform’s strict rate limitation that prevents large-scale data downloads.
Today’s noteworthy crypto news includes a hint from Charles Hoskinson about a potential collaboration between Cardano and Bitcoin Cash.