Instagram denied a data breach after numerous users reported receiving unsolicited password reset emails. The company stated it resolved an issue that allowed an "external party" to trigger legitimate password reset requests, but maintained that its systems were not compromised, according to a statement released by Instagram.

The issue sparked concern among users and cybersecurity experts alike. Malwarebytes, a cybersecurity firm, claimed that the password reset emails were the result of a hack, alleging that the sensitive information of 17.5 million Instagram accounts was being sold on the dark web.

While Instagram advised users to disregard suspicious emails, the company has not disclosed specific details about the vulnerability that allowed the unauthorized password reset requests. This lack of transparency has led to ongoing security concerns within the platform's user base and raised questions within the cybersecurity industry.

According to multiple news sources, the incident began with users reporting the unexpected password reset requests. Instagram acknowledged the issue and stated that it had been addressed. However, the company's denial of a data breach contrasts with Malwarebytes' assertion that a significant amount of user data was compromised.

The situation remains fluid, with experts continuing to analyze the potential impact on user data security. The lack of detailed information from Instagram regarding the vulnerability leaves users uncertain about the extent of the issue and the potential risks to their accounts.