COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Recent allegations suggest that cryptocurrency exchange Bitfinex was compromised by hacking group FSOCIETY, leading to the leak of thousands of customer emails and passwords.
- Bitfinex’s CTO, Paolo Ardoino, has refuted these claims, stating that the leaked data does not accurately represent Bitfinex’s security or customer information systems.
- Ardoino reassured users that Bitfinex does not store sensitive information in an unsecured manner and that the majority of the leaked data could not be linked to actual Bitfinex accounts.
Bitfinex CTO Paolo Ardoino refutes claims of a data breach, emphasizing robust security protocols and suggesting that the leaked data might have been compiled from multiple sources and previous breaches.
Clarification on Data Integrity
In a detailed response, Ardoino explained that if the data breach had been legitimate, the proper channels such as bug bounty programs or customer support should have been used to report it. He reassured users by stating that Bitfinex does not store sensitive information like plaintext passwords or two-factor authentication secrets in an unsecured manner. Additionally, he noted that only a fraction of the leaked data could be linked to actual Bitfinex accounts, suggesting that the data might have been compiled from multiple sources and previous breaches.
Insights into the Alleged Breach
The disclosure by Ardoino was supported by information from a security researcher, who indicated that the claims of a hack might have been exaggerated as a marketing strategy for a data retrieval tool. This tool purportedly aids in hacking into systems and is promoted through the fabrication of high-profile data breaches.
Key User Takeaways
- Bitfinex maintains robust security protocols, not retaining plaintext security details.
- The majority of the leaked emails and passwords were likely sourced from previous unrelated breaches.
- Customers should use unique passwords for different platforms to enhance security.
Conclusion
Ardoino has reassured stakeholders that the integrity of Bitfinex’s systems remains intact, with no evidence of any recent breaches. He reaffirmed the company’s commitment to security and the ongoing investigation to ensure all customer assets are protected. This recent scare sheds light on the importance of robust security practices in safeguarding user data in the volatile world of cryptocurrency exchanges.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |