Data Dump Could Be Nail In Coffin For Ashley Madison IPO

The story for infidelity website AshleyMadison.com keeps getting worse, as hackers that accessed a large amount of user data last month made good on threats to make the information public on Tuesday by posting it online. Avid Life Media, which operates AshleyMadison.com, confirmed on Wednesday that at least some of the data being published online is legitimate.

Hackers’ Demands

After the data breach was first reported last month, hackers demanded that the sites AshleyMadison.com, which is a platform for extra-marital affairs, and EstablishedMen.com, which pairs older men with young women, be shut down.

However, when the sites remained online, the hackers began making good on their threat to release data such as names and email addresses of Ashley Madison members.

Data Legitimate

Following Tuesday’s large data dump, Avid Life spokesman Paul Keable confirmed…

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