A recent story said that Bitfinex’s Chief Technology Officer, Paolo Ardoino, strongly denied that the Bitcoin exchange had a data breach. He said that the information of the site’s users is still safe.
It was said that Bitfinex had a breach, but Adaoino discuss about the claims directly and told users that the company had done a full internal review over the weekend and found no proof. Last Saturday, Bitfinex had a big data breach. Alice from Sunshine Research was the first to report it. After that, the company put out a statement to comfort everyone.
The first report came from what the hacking group FSociety said. They said they got past Bitfinex’s security on April 26. It said in a tweet that personal information for 400,000 people was stolen from about 2.5 terabytes of data.
Bitfinex’s Investigation Dismisses Alleged Data Breach Claims
The study done by Ardoino, however, showed that wasn’t true. He clarified that the so-called data breach was just a wrong reading of data from earlier leaks that had nothing to do with each other. The data in question wasn’t taken from Bitfinex’s computers; it was a mix of data from past security leaks. Ardoino said this lie was an attempt to sound an alarm that wasn’t true by using old passwords to make it look like there was a security breach.
This caused Alice from Shinoji Research to issue a correction. In it, she admitted her mistake and clarified that the information she had given as new was old data gathered by a different group called Flocker. It turned out that the lie was used to get people to pay a fake debt by making them worry about a big security breach.
Ardoino discussed what can happen if you use the same password for many sites. He stressed the importance of using different passwords for every service and website that handles private financial information.
Now that Ardoino was clear, users can rest easy, even though Bitfinex is still committed to taking strong security steps. In cryptocurrencies, there are always new ways that they could be hacked.
