Tech giant Facebook confirms that Instagram users passwords are stored unencrypted format. More than billions of users are stored without any encryption. Recently Facebook found this bug in log file. Log file displayed unencrypted passwords of billions of users.
Facebook also mentioned that we are constantly working on security issues in all its products like Facebook, Instagram and WhatsApp. Facebook and Instagram are updating their changes simultaneously. Facebook claims that this issue has been informed to corresponding users and the bug has been absolutely fixed.