Bitfinex Responds to Alleged Data Breach Impacting Thousands: What It Means for Crypto Traders (BTC, ETH)

• Bitfinex, one of the most established cryptocurrency exchanges, is reportedly under cyber attack by the hacker group FSCOIETY.
• According to a recent article published by research firm Shinoji Research, Bitfinex has confirmed the cyber attack.
• The ransomware group known as Fsociety is alleged to have stolen 2.5 terabytes of data from 400,000 customers, including Bitfinex users.

Bitfinex, a leading cryptocurrency exchange, has reportedly confirmed a cyber attack by the hacker group FSCOIETY, with an alleged theft of 2.5 terabytes of data from 400,000 customers.

Bitfinex Under Cyber Attack

Bitfinex, one of the most established cryptocurrency exchanges, is reportedly under cyber attack by the hacker group FSCOIETY. The ransomware group known as Fsociety is alleged to have stolen 2.5 terabytes of data from 400,000 customers, including Bitfinex users. The hackers threaten to leak all user information and KYC data if their demands are not met.

Bitfinex’s Response to the Allegations

Bitfinex CTO, Paolo Ardoino, denied the allegations in a post on his Twitter account following the publication of the article. According to the information shared by Ardoino, the cyber attackers published a file containing 22,500 emails and passwords. Of these 22,500 emails, only 5,000 matched with Bitfinex users. The CTO stated that the alleged cyber attackers did not contact them and would have requested a reward if they had real information, but no such request was made.

Conclusion

Ardoino emphasized that no breach was detected and urged not to believe in FUDs, assuring that the funds are safe. This incident underlines the importance of cybersecurity measures in the crypto industry and the potential risks that users may face.