Did a hacker steal $1.5 million from cryptocurrency ATMs?

A hacker plundered at least $1.5 million from cryptocurrency ATMs by exploiting a newly discovered software vulnerability. The heist hit cryptocurrency ATM provider General Bytes over the weekend and caused it to suffer security breaches on the company’s cloud services and servers.

How many Bitcoins have been stolen from ATMs?

Unknown hackers have managed to steal 56 bitcoin, worth approximately $1.5 million, from specialized ATMs designed to distribute cryptocurrency, The worst part is - the stolen funds partially belonged to the ATM’s customers, as well.

Can a cryptocurrency ATM be hacked?

Hackers have exploited a zero-day vulnerability in General Bytes Bitcoin ATM servers to steal cryptocurrency from customers. When customers would deposit or purchase cryptocurrency via the ATM, the funds would instead be siphoned off by the hackers

How did a heist affect cryptocurrency ATMs?

Hackers drained millions of dollars in digital coins from cryptocurrency ATMs by exploiting a zero-day vulnerability, leaving customers on the hook for losses that can’t be reversed, the kiosk manufacturer has revealed. The heist targeted ATMs sold by General Bytes, a company with multiple locations throughout the world.