Bitfinex Phishing Website - Revision history

Azoundria at 16:30, 14 April 2023

2023-04-14T16:30:46Z

← Older revision		Revision as of 10:30, 14 April 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Bitfinex.jpg\|thumb\|Bitfinex]]In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.		[[File:Bitfinex.jpg\|thumb\|Bitfinex]]In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="thenextweb-7620" /><ref name="bitfinextwitter-7621" /><ref name="bitfinex-3582" /><ref name="bitfinex-3583" />
	<ref name="thenextweb-7620" /><ref name="bitfinextwitter-7621" /><ref name="bitfinex-3582" /><ref name="bitfinex-3583" />

	== About Bitfinex ==		== About Bitfinex ==
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	!Description		!Description
	\|-		\|-
	\|September 19th, 2017 5:47:00 PM		\|September 19th, 2017 5:47:00 PM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==
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	<ref name="bitfinextwitter-7621">[https://twitter.com/bitfinex/status/910289315829297152 @bitfinex Twitter] (May 4, 2022)</ref>		<ref name="bitfinextwitter-7621">[https://twitter.com/bitfinex/status/910289315829297152 @bitfinex Twitter] (May 4, 2022)</ref>

	<ref name="bitfinex-3582">[https://www.bitfinex.com/ ~~https://www.bitfinex.com/~~] (Sep 14, 2021)</ref>		<ref name="bitfinex-3582">[https://www.bitfinex.com/ Bitfinex \| Cryptocurrency Exchange \| Bitcoin Trading \| Futures Trading \| Margin Trading] (Sep 15, 2021)</ref>

	<ref name="bitfinex-3583">[https://www.bitfinex.com/about/ ~~https://www.bitfinex.com/about/~~] (Sep 14, 2021)</ref></references>		<ref name="bitfinex-3583">[https://www.bitfinex.com/about/ Bitfinex \| About Us] (Sep 15, 2021)</ref></references>

Azoundria at 00:33, 19 February 2023

2023-02-19T00:33:40Z

← Older revision		Revision as of 18:33, 18 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}}
			{{Unattributed Citations}}

	[[File:Bitfinex.jpg\|thumb\|Bitfinex]]In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.		[[File:Bitfinex.jpg\|thumb\|Bitfinex]]In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="thenextweb-7620" /><ref name="bitfinextwitter-7621" /><ref name="bitfinex-3582" /><ref name="bitfinex-3583" />

	== About Bitfinex ==		== About Bitfinex ==
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|September 19th, 2017 5:47:00 PM		\|September 19th, 2017 5:47:00 PM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
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	== Prevention Policies ==		== Prevention Policies ==
			Which policies could have prevented this event from happening?

	== References ==		== References ==
	[https://thenextweb.com/news/binance-cryptocurrency-exchange-scam Cryptocurrency scammers tricking users with fake Binance links on Google] (Mar 23)		<references><ref name="thenextweb-7620">[https://thenextweb.com/news/binance-cryptocurrency-exchange-scam Cryptocurrency scammers tricking users with fake Binance links on Google] (Mar 23, 2022)</ref>

	[https://twitter.com/bitfinex/status/910289315829297152 @bitfinex Twitter] (May 4)		<ref name="bitfinextwitter-7621">[https://twitter.com/bitfinex/status/910289315829297152 @bitfinex Twitter] (May 4, 2022)</ref>

	[https://www.bitfinex.com/ https://www.bitfinex.com/] (Sep 14)		<ref name="bitfinex-3582">[https://www.bitfinex.com/ https://www.bitfinex.com/] (Sep 14, 2021)</ref>

	[https://www.bitfinex.com/about/ https://www.bitfinex.com/about/] (Sep 14)		<ref name="bitfinex-3583">[https://www.bitfinex.com/about/ https://www.bitfinex.com/about/] (Sep 14, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}} BitfinexIn September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost. This is a global/international case not involving a specific country. == About Bitfinex == "Bitfinex is a Hong Kong-based cryptoc..."

2023-01-24T20:58:00Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}} thumb|BitfinexIn September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost. This is a global/international case not involving a specific country. == About Bitfinex == "Bitfinex is a Hong Kong-based cryptoc..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/bitfinexphishingwebsite.php}}

[[File:Bitfinex.jpg|thumb|Bitfinex]]In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.

This is a global/international case not involving a specific country.

== About Bitfinex ==
"Bitfinex is a Hong Kong-based cryptocurrency exchange owned and operated by iFinex Inc., which is headquartered in Hong Kong and registered in the British Virgin Islands." "The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012." "BitFinex offers three main functions - it is a pure bitcoin to fiat exchange, a margin trading exchange and a liquidity provider. The platform offers a number of features available that expand the financial positions you can take - for example, the ability to short Bitcoin via margin trading."

"Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed." "It serves all except few countries in the world (mentioned below) and supports both fiat-to-crypto and crypto-to-crypto trades. Other notable features include margin trading, limit and stop orders, over-the-counter (OTC) trades, and others. While there are many options available, everything is laid out in an impressively intuitive fashion, with easy-to-navigate dashboards and menus."

"Back in September last year, exchange desk Bitfinex took to Twitter to warn its users that attackers have made a phishing website that closely resembles the official service."

"Be aware: a phishing website is online that closely resembles bitfinex.com. The attackers are using domain bitfienex.com"

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Bitfinex Phishing Website
!Date
!Event
!Description
|-
|September 19th, 2017 5:47:00 PM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==

== References ==
[https://thenextweb.com/news/binance-cryptocurrency-exchange-scam Cryptocurrency scammers tricking users with fake Binance links on Google] (Mar 23)

[https://twitter.com/bitfinex/status/910289315829297152 @bitfinex Twitter] (May 4)

[https://www.bitfinex.com/ https://www.bitfinex.com/] (Sep 14)

[https://www.bitfinex.com/about/ https://www.bitfinex.com/about/] (Sep 14)