<span style="font-weight: 400;">Breaking the extended pattern of declining Bitcoin and crypto ATMs across the globe, May kept a lofty expansion in net establishments with almost 1,400 machines.</span>

<span style="font-weight: 400;">For the first four months of 2023, there was a steady decline in the total number of crypto ATMs. During the time span, while significant economies including the US and Europe added to the decreasing numbers, Australia, Poland and Spain amped up crypto ATM establishments in their separate districts.</span>
<h2><span style="font-weight: 400;">Bitcoin ATMs worldwide decline by 5,850 in first four months of 2023</span></h2>
[embed]https://twitter.com/generalbytes/status/1637192687160897537[/embed]

<span style="font-weight: 400;">Total number of net <a href="https://www.cryptoknowmics.com/news/singapore-crypto-atms-shut-down-following-mas-guidelines/">crypto ATMs</a> worldwide decreased by 5,850 during the first four months of 2023. According to <a href="https://coinatmradar.com/charts/net-growth/">data</a> from Coin ATM Radar, 1,397 machines were added back into the global crypto ATM network in May. Although Bitcoin ATMs do not contribute to the expansion of the Bitcoin network, they serve as a physical gateway through which individuals can exchange their fiat currencies for crypto. Australia installed 233 ATMs in 2023 alone, advancing to become the third-largest crypto ATM hub in the world.</span>

<span style="font-weight: 400;">The United States of America continues to hold the lead in the crypto ATM market, with 84.7% of all ATMs worldwide, followed by Canada with 7.6%.</span>

<span style="font-weight: 400;">35,069 ATMs remain operational worldwide at the time of writing. The passwords, private keys, and funds of General Bytes, a manufacturer of Bitcoin ATMs, were recently accessed by a hacker.</span>
<h2><span style="font-weight: 400;">General Bytes warns its clients after breach of its APIs' </span></h2>
<span style="font-weight: 400;">"We have found prompt ways to forestall further unapproved admittance to our frameworks and are working energetically to safeguard our clients," General Bytes said in its proclamation.</span>

<span style="font-weight: 400;">The hacker was able to steal at least 21.82 Ether and 56 BTC. The company advised its operators and customers to migrate to a self-hosted server installation that can be secured by a VPN to avoid a situation similar to this one in the future.</span>

After A Global Downturn Of Four Months, Bitcoin ATMs Have Seen An Increase

The passwords, private keys, and funds of General Bytes, a manufacturer of Bitcoin ATMs, were recently accessed by a hacker.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

After A Global Downturn Of Four Months, Bitcoin ATMs Have Seen An Increase

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