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 statement urging customers to take immediate action to protect their personal information.
We urge all our customers to take immediate action to protect their funds and https://t.co/fajc61lcwR… https://t.co/g5FGqvqZQ7
— GENERAL BYTES (@generalbytes) March 18, 2023
Hot Wallets, Exchanges Breached
General Bytes has reported that the recent cyber attack resulted in the unauthorized access of funds from hot wallets and exchanges, theft of usernames and passwords, and disabling of two-factor authentication.
Additionally, on-chain and Etherscan data show that the bitcoin attacker received approximately $1.5 million worth of BTC and moved nearly $40,000 in Ethereum through Uniswap DEX.
The breach impacted not only General Bytes’ cloud services, but also other operators’ standalone servers. The attacker utilized their Java application by uploading it remotely via the master service interface and running it with BATM user privileges.
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