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Kraken Reveals Security Vulnerabilities in Bitcoin ATMs

Kraken Reveals Security Vulnerabilities in Bitcoin ATMs

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A generally used mannequin of bitcoin ATMs has a number of software program and {hardware} vulnerabilities, Kraken Security Labs revealed in a blog post yesterday.

  • The safety crew notified the producer, General Bytes, on April 20 of the assault vectors. General Bytes has launched patches for the backend system however some fixes might require {hardware} revisions, Kraken mentioned.
  • Bitcoin ATMs permit customers to purchase bitcoin utilizing fiat forex. General Bytes is the second-largest producer of Bitcoin ATMs, representing 22.7% of the worldwide market, in response to data supplier Coin ATM Radar.
  • The mannequin in query, the BATMtwo (GBBATM2) had a number of vulnerabilities, in response to Kraken together with a default administrative QR code, the underlying Android working software program, the ATM’s administration system, and the machine’s {hardware} case.

Read extra: Crypto ATM Installations Have Increased Over 70% This Year

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