Bitcoin ATM Giant General Bytes Falls Victim to Massive Security Breach

  1. General Bytes shuts down cloud services due to security breach.
  2. Hacker steals sensitive information from Bitcoin ATMs, including passwords and private keys.
  3. General Bytes strengthens security measures and advises customers to report any suspicious activity.

General Bytes, a Prague-based manufacturer of Bitcoin ATMs, has shut down its cloud services due to a security vulnerability. A hacker was able to gain unauthorized access to users’ hot wallets and steal sensitive information, including passwords and private keys. The company has sold over 15,000 Bitcoin ATMs in more than 149 countries around the world.

The company’s bulletin, released on March 18, warns that a hacker was able to upload and run a Java application via the master service interface, stealing user information and funds from hot wallets. This allowed the attacker to access the company’s database, decrypt API keys, and turn off 2FA. They were also able to download user names, password hashes, and scan for instances where customers scanned private keys at the ATM. Previous versions of the ATM software were logging this information.

As a result of this breach, General Bytes has shut down its cloud services and urged its operators set up a standalone server for their own use and launched two patches for their Crypto Application Server (CAS), which is responsible for overseeing the functioning of the ATM. 

The company has also promised to strengthen its security measures to prevent future attacks. General Bytes’ customers are advised to take extra precautions to protect their assets and to report any suspicious activity immediately.

In light of this incident, it is vital to maintain strong cybersecurity measures, especially in the fast-evolving world of cryptocurrency. Companies must remain vigilant in protecting their customers’ data and funds, and users must take responsibility for safeguarding their assets.

In other news, Salesforce, a renowned provider of customer relationship management (CRM) software, has partnered with Polygon, a layer 2 blockchain platform, to create a non-fungible token (NFT) loyalty program. President of Polygon Labs Ryan Wyatt acknowledged the relationship, noting that Salesforce will assist its clients in onboarding to Polygon’s management platform for the creation of token-based loyalty programs.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.