General Bytes, a leading cryptocurrency ATM manufacturer, reported that it was recently hacked. The firm said the hacker involved stole $1.5 million worth of Bitcoin (BTC).
Millions of BTC stolen from the cryptocurrency platform!
cryptocoin.comAs you follow, in the previous week, a handful of traditional banks in the United States were hit hard. This time, crypto seems to have suffered its fair share of pushbacks, as a leading global cryptocurrency ATM manufacturer was recently exploited by hackers.
General Bytes, one of the world’s leading manufacturers of cryptocurrency automatic cash machines (ATMs), suffered a security breach on March 17 and 18. The hacker managed to steal 56.28 Bitcoins, worth a staggering $1.5 million at the time of the attack. The stolen Bitcoins were received from cryptocurrency ATM operators in the United States. The number of affected operators is between 15 and 20. A significant number of ATM operators in the country had to shut down for a short time.
One day after the event, on March 18, the company made an announcement on Twitter to inform the public about the event. The firm reported that a notice has been issued warning customers to ensure their funds are safe, as well as their personal information. In this context, General Bytes shared the following:
On March 17-18, 2023, General Bytes experienced a security breach. We have issued a statement encouraging customers to take immediate action to protect their personal information. We urge all our customers to take immediate action and carefully read the security bulletin to protect their funds and personal information.
General Bytes has given customers a detailed instruction
The cryptocurrency platform explained in the bulletin that the attacker managed to remotely install its own Java application. This was done using the main service interface typically used by terminals to upload and run videos using ‘batm’ user privileges. This then resulted in gaining access to certain information that would otherwise be private. The hacker gained the ability to access the database. Data can also read and decrypt API keys, which are often used to access funds on hot wallets and exchanges.
Additionally, the hacker can send money from hot wallets, download usernames, password hashes, and turn off two-factor authentication. The hacker can also access terminal event logs and scan any instance where customers have stored private keys at the ATM. The newsletter also explained the steps users can take to find out if your server has been breached.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.