- The CEO of Tether and CTO of Bitfinex, Paolo Ardoino, has expressed doubt about a ransomware group’s week-old allegation that the exchange’s personal data was compromised.
- Last week, the hacker collective FSOCIETY claimed to have compromised Bitfinex, Rutgers University, and two additional businesses.
Paolo Ardoino, the chief technology officer of Bitfinex, is doubting social media rumors that the exchange was the target of a significant data breach, as the hacking organization FSOCIETY stated on April 26.
Ardoino stated on X that “we’re performing deep analysis of our systems and no breach was found currently,” pointing out that less than 25% of the email addresses purportedly taken from Bitfinex’s servers correspond to actual users.
On its darkweb webpage on April 26, the hacker group FSOCIETY—named after the fictional hacking gang from the television series Mr. Robot—claimed to have successfully hacked multiple targets, including Rutgers University, the consulting business SBC Global, and the cryptocurrency exchange “Coinmoma,” which is probably a typo of Coinmama.
But none of the businesses that FSOCIETY is said to have hacked seem to have admitted a big data leak or paying a ransom. Ardoino asserted that the hacker organization never sent them a direct message.
They gave us seven days to get in touch with them after their post went live on April 25. However, we only learned about this assertion yesterday. Had they truly possessed accurate information, they would have inquired via our bug bounty program, customer service tickets, emails, Twitter, and other channels. No requests were found, according to Ardoino’s letter.
The CEO of Tether, Ardoino, also disclosed a message he claimed to have received from a security researcher speculating that the hacking group’s true motivation for the attacks was to advertise its ransomware tools, to which it purportedly charges access in exchange for a subscription fee and a cut of profits pilfered.
To sum up, if Bitfinex was actually hacked, is it really necessary for them to offer goods for $299? Written by Ardoino.
Following the notorious 2016 hack of Bitfinex, two people—including cryptocurrency rapper “Razzlekhan”—pleaded guilty to accusations of money laundering related to the incident and turned over over 95,000 Bitcoin to the authorities.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
