Bitfinex CTO dismisses recent hacking claims as “fake”
Key Takeaways
- Paolo Ardoino, CTO of Bitfinex, recently called the hacking claims made by the Fsociety group “fake.”
- Only some of the leaked data matched Bitfinex’s records, suggesting that the data may have originated from a previous breach.
- Hacking claims may be part of a promotional strategy for cybersecurity tools.
Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, recently responded to this. A hacking group called Fsociety claimed to have infiltrated Bitfinex’s database and leaked thousands of customer emails and passwords.
Ardoino expression Doubts about the truth of these claims From the statement Released on May 4thHe said the evidence “appears to be fake.”
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He explained in the case of a data breach: Ransom demands are typically made through official channels, but Bitfinex has not received any such demands.
According to further analysis by Bitfinex: Of the 22,500 email and password records reportedly leaked, only 5,000 were associated with actual Bitfinex users.
Also Ardoino suggested: The leaked data may have been aggregated from previous breaches. Highlights common issues across different platforms. Users reuse the same email and password across multiple sites. this makes it It is difficult to determine the exact source Data leak.
CTO too Shared Insights from a security researcher who assumed it was a hacking claim. Maybe you’re promoting a data discovery tool. According to researchers, the alleged violations were likely staged as a marketing ploy.
So what creates a buzz about successfully hacking a well-known company/university is advertising how good their tool is and that others should buy it too so they can make millions by taking advantage of companies that use these tools.
Ardoino provides users with The funds are safe and no evidence of a breach has been found to date.
In other related news, Bitfinex analysts recently stated that they expect a two-month period for Bitcoin’s price consolidation.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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