Bitfinex’s CTO denies any data breach, blaming it on false allegations


Ardoino, addressing the rumors, unequivocally stated that Bitfinex’s user database remains secure after a comprehensive internal review over the weekend.

The allegations emerged last Saturday when Alice from Shinoji Research claimed Bitfinex experienced a major data breach. The post, subsequently removed, relied on statements from the hacking group FSociety, who claimed responsibility for the alleged breach on April 26. The tweet implied that approximately 2.5 Terabytes of data, including personal information from 400,000 users, had been compromised.

Ardoino’s examination of Bitfinex’s systems found no signs of a breach. The Chief Technology Officer made it clear that the mentioned data wasn’t extracted from Bitfinex’s servers. Instead, it was compiled from previous, unrelated security breaches. This compilation was misrepresented as a Bitfinex breach, utilizing reused credentials to fabricate a false alarm.

Alice from Shinoji Research has retracted the original assertion, providing clarification in a subsequent statement. She explained that the information was mistakenly portrayed as a recent occurrence when, in fact, it comprised old data from multiple breaches gathered by another group called Flocker. This misrepresentation aimed to simulate a ransom request, capitalizing on concerns about a significant breach.

Ardoino emphasizes the dangers of using the same passwords across various platforms, a widespread practice that can create security loopholes. He encourages users to adopt distinct passwords for each service to bolster security, particularly on platforms dealing with sensitive financial data.

Comments

comments


What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *