{"id":78165,"date":"2024-05-06T18:51:45","date_gmt":"2024-05-06T22:51:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=78165"},"modified":"2024-05-06T18:53:55","modified_gmt":"2024-05-06T22:53:55","slug":"bitfinex-cto-confirms-data-breach-claims-as-false","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitfinex-cto-confirms-data-breach-claims-as-false\/","title":{"rendered":"Bitfinex CTO Confirms Data Breach Claims as False\u00a0"},"content":{"rendered":"\n

Paolo Ardoino, the chief technology officer of Bitfinex, has stated that the recent claims of a cryptocurrency exchange<\/a> data breach were untrue.\u00a0<\/p>\n\n\n\n

\"Bitfinex
Bitfinex CTO Confirms Data Breach Claims as False\u00a0<\/figcaption><\/figure>\n\n\n\n

In response to the speculations, Ardoino firmly declared that Bitfinex's user database is still secure after conducting a comprehensive internal assessment over the weekend. <\/p>\n\n\n\n

When Alice of Shinoji Research revealed on Saturday that Bitfinex had experienced a serious data breach<\/a>, the accusations became public. The post\u2014which was later removed\u2014was predicated on claims made by the hacker collective FSociety, who took credit for the alleged intrusion on April 26. <\/p>\n\n\n\n

According to the tweet, 400,000 people's personal information and over 2.5 Terabytes of data may have been hacked.<\/p>\n\n\n\n

\n

It was fake. https:\/\/t.co\/tJLfzclsQj\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Paolo Ardoino \ud83e\udd16 (@paoloardoino) May 6, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Upon reviewing Bitfinex's systems, Ardoino found no indication of a security issue. The CTO clarified that the relevant data was gathered from earlier, unconnected breaches rather than being taken from Bitfinex's systems. <\/p>\n\n\n\n

Reusing old login credentials, the compilation was disguised as a Bitfinex breach, raising a false alarm<\/a>. Since then, Alice from Shinoji Research has withdrawn the initial assertion and issued a follow-up statement that explains the confusion. <\/p>\n\n\n\n

She said that although the information comprised old data from many breaches gathered by a different entity called Flocker, it was incorrectly presented as a new occurrence.\u00a0<\/p>\n\n\n\n

The purpose of the deception was to mimic a ransom demand and capitalize on people's concerns about a significant breach. According to Ardoino, this instance highlights the dangers of using the same password on several platforms, a widespread habit that might result in security flaws. <\/p>\n\n\n\n

He used the occasion to encourage people to use different passwords for various services to improve security, particularly on websites that handle sensitive financial data<\/use><\/svg><\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paolo Ardoino, the chief technology officer of Bitfinex, has stated that the recent claims of a cryptocurrency exchange data breach were untrue.\u00a0 In response to the speculations, Ardoino firmly declared that Bitfinex’s user database is still secure after conducting a comprehensive internal assessment over the weekend. When Alice of Shinoji Research revealed on Saturday that […]<\/p>\n","protected":false},"author":43,"featured_media":78168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[729,8624],"class_list":["post-78165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitfinex","tag-data-breach"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/croc_1715031644955.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=78165"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/78168"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=78165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=78165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=78165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}