Bitfinex CTO denies rumors of data breach by ransomware group

Bitfinex Chief Technology Officer Paolo Ardoino is expressing skepticism about claims circulating on social media that the exchange was the target of a large-scale data breach, as claimed by hacking group FSOCIETY on April 26.

Ardoino told It was pointed out that it was less than that.

FSOCIETY, a hacking group modeled after the fake hacking group from the TV show Mr. Robot, announced on the dark web website on April 26 that it was affiliated with Rutgers University, consulting firm SBC Global, and cryptocurrency exchange ‘Coin’. Several victims, including ‘Coinmoma’, claimed that hacking was successful. Coinmama is misspelled.

Hacking group FSOCIETY claimed to have hacked Binance on April 26.

However, none of the companies known to have been hacked by FSOCIETY appear to have admitted to significant data breaches or paying ransoms. Ardoino claimed it had never received a direct message from the hacking group.

“Their post was published on April 25th and it took them 7 days to contact us. However, we only discovered this claim yesterday. If they had real information, they would contact Lamson (original text) I couldn’t find any requests through bug bounties, customer support tickets, email, Twitter, etc.,” Ardoino wrote.

Ardoino, who is also CEO of Tether, shared a message he received from a security researcher who speculated that the real reason for the hack was for the hacking group to promote ransomware tools. Ransomware tools are known to sell access in exchange for a subscription. Fees and fees for stolen profits.

“tldr: If they really hacked Bitfinex, should they really sell the item for $299?,” Ardoino wrote.

Bitfinex suffered an infamous hack in 2016. Two people, including cryptocurrency rapper ‘Razzlekhan’, pleaded guilty to money laundering charges related to the hack and handed over more than 95,000 Bitcoin to the government.

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