FacebookTwitterLinkedInTelegramCopy LinkEmail
Crime and Investigations

Bitfinex Responds to Minor Security Breach: User Protection Assured

Bitfinex Responds to Minor Security Breach: User Protection Assured

Bitfinex, a cryptocurrency exchange, disclosed a recent security incident involving the unauthorized access of certain customer support boards by an individual or group via a phishing attack on a support agent.

This breach occurred between October 30 and November 5 and resulted in a series of phishing attempts on Bitfinex users. However, the impact was limited, as explained in the company’s statement on November 4.

According to Bitfinex, the accessed support boards contained outdated and incomplete information, and the compromised agent did not possess elevated permissions or access to critical tools or help desk tickets, mitigating the potential damage.

Bitfinex emphasized that despite this breach, their systems remained uncompromised, and no customer funds were compromised. They clarified that their server, wallet, and database infrastructure remained untouched, assuring users that their assets and password information were not at risk. Furthermore, most affected customer accounts were either empty or inactive.

READ MORE: Aave Pauses Several Markets for Security Check

While the issue has been resolved, Bitfinex is conducting a comprehensive review of the incident and the compromised information. The company is actively engaging with affected customers and has reported the incident to law enforcement. They are collaborating with investigative authorities to identify and pursue the individual or group responsible for the phishing attack.

Bitfinex underscored its commitment to security, highlighting its past success in prosecuting individuals attempting to compromise their operations. They also mentioned their regular security protocol reviews and the mandatory cybersecurity training for all employees despite this incident occurring.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.