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Mar 21, 2023
Bitcoin ATM Maker Stops Cloud Service After User Hot Wallets Hacked
After discovering a "security vulnerability" that allowed an adversary to gain access to user hot wallets and obtain sensitive information such as passwords and private keys, Bitcoin ATM manufacturer General Bytes has shut down its cloud services. The organization is a Bitcoin ATM maker situated in Prague.
Bitcoin ATM Maker Hasn’t Mentioned The Stolen Amount
A warning was issued by the company stating that a hacker was able to remotely upload and run a Java application into its terminals via the master service interface with the intention of stealing user information and sending funds from hot wallets. Despite stating that the hacker could "Send funds from hot wallets," the company did not specify how much money was stolen.
Banks Issue Two Patches for BTC ATMs After Zero-Day Attack
The company has urgently advised BTC ATM operators to install their own servers and released two patches for the Crypto Application Server (CAS) that manages ATM operations. In September of last year, a zero-day attack compromised General Bytes' servers, allowing hackers to become the default administrators and change settings so that all funds would be transferred.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.