Alleged Data Breach at Major Crypto Exchange: Response Received! Featuring Coin Name and Symbol

• The cryptocurrency market is gaining momentum again, but news of hacks continue to emerge. In a recent development, there are allegations of a data breach at Bitfinex.
• According to these claims, the exchange suffered a data breach involving 2.5 TB of data and information from 400,000 customers. However, Bitfinex has not confirmed these allegations.
• Meanwhile, Tether CEO and Bitfinex CTO, Paolo Ardoino, made a statement suggesting that the data breach may not be accurate.

Bitfinex, a major cryptocurrency exchange, is facing allegations of a significant data breach. The exchange has yet to confirm these claims while its CTO suggests the breach may not be accurate.

Allegations of a Serious Data Breach at the Crypto Exchange

According to on-chain detective Shinoji Research, a data breach occurred at Bitfinex potentially affecting 400,000 users and resulting in the theft of 2.5 terabytes of data. It’s important to note that Bitfinex has not yet confirmed this information. Shinoji Research claims that the FSociety ransomware group is responsible for the attack and provided links to a page containing usernames and plaintext passwords.

Is the Bitfinex Data Leak a Fake Incident?

Following the news of the development, Tether CEO and Bitfinex CTO Paolo Ardoino made a lengthy statement on the X platform. Ardoino suggested that the Bitfinex data leak is likely a fake incident, citing the following reasons: