Kraken Unveils Security Vulnerabilities In A Large Number Of U.S. Bitcoin ATMs
Bitcoin ATMs are becoming a popular fixture in major cities around the world. With the growth of bitcoin has come to the increased installations of automated teller machines where people can purchase bitcoin on the go. There are currently at least 26,000 bitcoin ATMs installed around the world. But the vast majority of these ATMs […]
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Williston, a small city with just over 27,000 residents – as of 2019, is making strides in the $2.5 trillion cryptocurrency world. The city has announced a partnership with crypto services company Coin Cloud to install a crypto ATM as its airport. Related Reading | Kraken Unveils Security Vulnerabilities In A Large Number Of U.S. Bitcoin ATMs Coin Cloud has […]
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....
Despite the wide variety of cyber attacks against companies and individual users all over the world, far too many websites contain security vulnerabilities. Hackers have a relatively easy time to gain access to centralized databases and obtain sensitive user information. Three In Four Sites Have Security Vulnerabilities. A new report by Symantec paints a rather painful picture for enterprises and individual website owners who collect consumer data. Considering how close to three in four sites have security vulnerabilities which have gone unpatched for quite some time now, the situation is....
With crypto adoption advancing rapidly over the last year, the installation of new crypto ATMs worldwide has also followed this accelerated rate. The number of countries where crypto ATMs are available remains on the rise too. Over the course of 2021, a large number of ATMs were installed as more countries accepted them. This time around, the number of crypto ATMs in the world has hit a new high, indicating that adoption remains high. 39,000 Crypto ATMs Worldwide The rapid growth of crypto worldwide is embodied in the number of ATMs around the globe. This month, the space celebrated a new....
Cryptocurrency exchange Kraken has announced that it has fallen victim to a major security flaw that has resulted in the theft of $3 million worth of digital assets. However, in a surprising turn of events, the party responsible has been identified as CertiK. This blockchain security firm claims to have initially reported the bug through Kraken’s bug bounty program. CertiK is now accused of exploiting additional vulnerabilities and extorting the exchange for more money, leading to calls for legal action and concerns among crypto investors. Kraken Security Flaws Exposed The incident....