Hackers exploit zero day bug to steal from General Bytes Bitcoin ATMs
The hack meant that all crypto going into the Bitcoin ATM would instead be siphoned off by the hackers. Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address. The amount of funds stolen and number of ATMs compromised has not been disclosed but the company has urgently advised ATM operators to update their software.The hack was confirmed by General Bytes on Aug. 18, which owns and operates 8827....
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Last week, Cointelegraph reported Red Bull’s introduction of a Bitcoin-only Red Bull vending machine at Hackers Congress in Prague. Martijn Wismeijer, representative of General Bytes, the manufacturer of the machine, tells us about manufacturing Bitcoin ATMs, 3D printing process and future collaborations. Wismeijer says: "By standardizing on our own Bitcoin computer we can rapidly create new applications using the tools we already have. We like to see it as LEGO for Bitcoin applications." Manufacturing Bitcoin ATMs. The Red Bull’s Bitcoin-only vending machine was originally....
Two bitcoin ATMs in the Dutch city of Amsterdam have been stolen, according to reports. The news first broke over the weekend, as Coin ATM Radar picked up on the lack of activity from both machines and published the news on Twitter. Two bitcoin ATMs have been stolen from @MrBitc0in in #Amsterdam @generalbytes @BitAccess So against Bitcoin spirit pic.twitter.com/gtHyX0Mnck. - Coin ATM Radar (@CoinATMRadar) February 14, 2015. Sign of bitcoin's 'maturity'. Martijn Wismeijer from the Dutch bitcoin ATM collective MrBitco.in, who owned a General Bytes BATMTwo machine, told CoinDesk that he was....
Attacks like these can also be used against Bitcoin ATMs, albeit they are a far less popular target for assailants. Automated teller machines are far from secure devices, as they are often targeted by hackers and other criminals But in some countries, things get taken to the very next level. Several gang members in Scotland have been blowing up bank ATMs in Aberdeenshire. As a result, over 130,000 GBP was stolen. Luckily, all of these gang members have been arrested and face long prison sentences. Three individuals are responsible for these attacks against bank ATMs spread out all over....
Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks. Kraken Security Labs has said that a “large number” of Bitcoin ATMs are vulnerable to hacking as the administrators never changed the default admin QR code. In a Sept. 29 blog post, Kraken posted research from its Security Labs team which found that there are “multiple hardware and software vulnerabilities” in the General Bytes BATMTwo ATM range. “Multiple attack vectors were found through the default administrative QR code, the Android operating software, the ATM....
Currently ranked fifth on the CoinATMRadar list for most Bitcoin ATM's, Czech Republic based General Bytes has positioned itself to succeed in the Bitcoin ATM market. Some of the most stable companies, for sure, have received the least amount of press. General Bytes appears to be one of those. The company stepped up amid the Robocoin crisis to bail out some of the embattled company's operators and has been reputable. General Bytes (GB) develops Android and Bitcoin technologies, focusing on Android because it is the leading platform for phones and tablets. The firm strives to bring Android....