Bitfinex CTO Denies FSOCIETY's Data Breach Claims Affecting 400k Customers

May 4, 2024, 05:28 PM

Bitfinex, a prominent cryptocurrency exchange, has been the subject of conflicting reports regarding a data breach affecting 400k customers. Users reported that passwords from a supposed Bitfinex hack were functional, suggesting that the exchange might have stored passwords in plaintext. However, Bitfinex's CTO, Paolo Ardoino, has denied these allegations, stating that the claims by the ransomware group FSOCIETY are baseless. FSOCIETY had previously claimed to have accessed personal data from Bitfinex, but this has been contested by security experts who believe the data might be fabricated and is actively targeted by criminals.