Bitcoin ATM maker shuts cloud service after user hot wallets compromised

Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.

In a statement, General Bytes said the vulnerability would only allow access to a limited number of functions. Those functions were limited to accessing stored wallets on a cloud platform, sending funds from hot wallets, changing passwords for stored wallets and accessing hardware wallets like Ledger, Trezor and Keepkey.

The company said it immediately closed down the affected cloud platform, adding that “there is no evidence that any customer was affected by the vulnerability”. The company also said it had taken steps to ensure that its products are not affected by similar vulnerabilities in the future.

General Bytes is a reputable Bitcoin ATM manufacturer with a wide variety of products. The company has been in the market since 2014 and manufactures both one-way and two-way Bitcoin ATMs.

We recommend that anyone using a General Bytes Bitcoin ATM keep an eye out for any unusual activity. Additionally, if you have a hot wallet, we recommend transferring your funds to a more secure cold wallet.