Hackers successfully manipulated the Bitcoin ATM servers of General Bytes — which operates 8827 ATMs globally — to make themselves the beneficiary of all incoming crypto.
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 vulnerability has been present since the hacker’s modifications updated the CAS software to version 20201208 on Aug. 18. Customers have also been advised to modify their server firewall settings so that the CAS admin interface can only be accessed from authorized IP addresses, among other things. General Bytes stated that several security audits had been conducted since its inception in 2020, none of which identified this vulnerability.General Bytes’ security advisory team stated in the blog that the hackers conducted a zero-day vulnerability attack to gain access to the company’s Crypto Application Server and extract the funds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hacker stole from clients making deposits on Bitcoin ATMsAn attacker managed to modify the crypto settings of two-way Bitcoin ATM machines from General Bytes.
Read more »
Man convicted of random attacks on women charged in new crimeIsiah Clay Lewis, 21, is being charged with the violent robbery of a woman at an ATM.
Read more »
Hacker stole from clients making deposits on Bitcoin ATMsAn attacker managed to modify the crypto settings of two-way Bitcoin ATM machines from General Bytes.
Read more »
Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?Dogecoin and another dog-themed token Shiba Inu have been outperforming bitcoin and ether, but investors should remain cautious, a crypto trader and a market strategist warned.
Read more »
Bitcoin Plunged to $20.8K, Crypto Markets Erased $120B in 48 Hours (Weekend Watch)The crypto market cap is down by over $120 billion in two days, bitcoin is down to a new three-week low.
Read more »
Fei Protocol founder proposes ghosting Tribe DAO following hack repaymentFei Protocol previously offered the hacker a $10 million bounty for returning the $80 million worth of assets, which received no response from the hacker.
Read more »