Tether CEO responds to alleged Bitfinex database attack from ‘F Society’

Main Points Related to Bitcoin, Web3, Ethereum, and Cryptocurrency:

  • Ransomware group F Society claims to have targeted Bitfinex
  • Personal details of Bitfinex users compromised
  • Denial of cyberattack from Bitfinex’s top brass
  • Alleged threats to leak KYC documents if demands not met
  • Discrepancies and doubts surrounding the validity of the breach

Alleged Cyberattack on Bitfinex by F Society

A ransomware group known as F Society has claimed to have breached Bitfinex, gaining access to a large amount of sensitive information, including personal details of approximately 400,000 Bitfinex users. Despite these claims, top executives at the cryptocurrency exchange have vehemently denied any cyberattack occurrence.

Response from Tether CEO and Bitfinex CTO

In response to the allegations, Tether CEO Paolo Ardoino, who also serves as the Bitfinex CTO, took to various platforms to address the situation directly, dismissing the claims of a database breach as potentially fake. Ardoino highlighted the absence of plaintext passwords and 2FA secrets in Bitfinex’s storage systems, casting doubt on the legitimacy of the hackers’ threats.

Speculation and Doubts Surrounding the Alleged Breach

Security researchers and Bitfinex officials have raised concerns about the legitimacy of the alleged cyberattack, suggesting that the leaked data may be aggregated from previous crypto breaches. Ardoino emphasized the robust security measures in place to prevent unauthorized access to sensitive information, further fueling doubts about the validity of the hackers’ claims.

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