05.11.2023
Bitfinex reports about phishing attack: Details
05.11.2023
Mirjan Hipolito
Cryptocurrency and stock expert

The company's crypto platform, Bitfinex Alerts, was compromised by unknown hackers who gained access to part of the information base. 

However, the crooks only obtained "partial, incomplete, and outdated" information, so the hack was not a potential threat to core systems, Bitfinex said

The exchange stressed that users' funds are completely safe. 

According to Bitfinex, fraudsters or a group of individuals gained access to the client support channel through a phishing attack. They were able to hack access to user support tools. However, the support channel contained mostly either empty or inactive user accounts, so the potential impact of the hack on active users was minimal. 

In the midst of the security incident, Bitfinex emphasized its commitment to transparency and user protection. The company also intends to notify all affected users in order to maintain trust and accountability in the cryptocurrency community. 

The cryptocurrency exchange will cooperate with law enforcement and help apprehend those responsible for the attack. Bitfinex Alerts aims not only to catch the fraudsters but also to prevent similar security breaches in the future. 

This policy is in line with the industry's global push to strengthen security measures in the face of evolving cyber threats. 

In addition, crypto exchange Bitfinex assured users that it is constantly improving its security protocols to protect its systems from potential cyber threats. 

Read more: Bitget reported its reserves for October 2023.