#general bytes

General Bytes has implemented several measures in the wake of the hack, including offering to reimburse its cloud-hosted customers and adding new security measures.

Bitcoin’s profitability challenges the narrative of depreciating volatility. 88.50% of Bitcoin’s tradable days were profitable for hodlers, with just 11.56% being unprofitable. Understanding market cycles is crucial for investors, while some prefer daily trades. General Bytes shut down its cloud services due to a discovered security vulnerability. (Read More)

One of the challenges of the crypto industry is cybercrime. These nefarious activities come in diverse strategies such as network hacks, phishing, exploits, etc. 2022 was one of the worst years for the industry as many projects and DeFi protocols recorded massive losses to bad actors.  This year, 2023, has also seen vast exploits, including the most recent Euler Finance hack. Another exploit has…

Bitcoin ATM maker General Bytes has become the latest victim of a cyber attack, with the company announcing a loss of $1.5 million in digital assets. The breach occurred Friday, and has dealt a heavy blow to one of the biggest producers of Bitcoin ATMs in the industry, boasting over 9,000 units to its name. On March 17-18th, 2023, GENERAL BYTES experienced a security incident. We released a…

Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.

General Bytes, a bitcoin automated teller machine (ATM) manufacturer, has lost over $1.5m of bitcoin (BTC) following an exploit on Mar. 17 and 18

Vulnerable: Kraken reveals many US Bitcoin ATMs still use default admin QR codes

Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks.