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News

General Bytes To Refund Customers Lost By The Security Incident

March 28, 2023 - Around 2 mins mins to read

Key Points:

  • General Bytes has pledged to refund cloud-hosted clients and to implement additional security measures.
  • It was discovered that the attack resulted in at least 56 BTC and 21.82 ETH.
  • The business further adds that the affected system has undergone many security assessments since 2021.
General Bytes, the producer of Bitcoin ATMs, is presently trying to reimburse consumers who sustained losses as a result of the mid-March incident.
General Bytes To Refund Customers Lost By The Security Incident

On March 17, General Bytes reported the most serious security incident, as Coincu reported. The attacker used the system’s upload interface to upload and run a malicious Java program in order to obtain database permissions on the server as well as the hot wallet withdrawal API Key.

The attacker investigated the Digital Ocean cloud hosting IP address space and detected CAS services running on port 7741, including the General Bytes Cloud service and other GB ATM operators using Digital Ocean, the company’s cloud hosting provider.

“The attacker scanned the Digital Ocean cloud hosting IP address space and identified running CAS services on ports 7741, including the General Bytes Cloud service and other GB ATM operators running their servers on Digital Ocean (our recommended cloud hosting provider),” General Bytes explained in the security incident report.

According to reports, the hack resulted in the deposit of at least 56 BTC and 21.82 ETH into wallets associated with the hacker.

General Bytes had properly examined the hack’s damages and had been working feverishly to strengthen security measures and avoid such instances in the future.

It also emphasizes that the compromised system has been subjected to multiple security audits since 2021, but none of them have identified the exploited vulnerability.

Also, in 2021, Kraken cryptocurrency exchange experts discovered various vulnerabilities in General Bytes’ ATMs, which the firm swiftly corrected.

Despite these security audits, General Bytes experienced a security incident in August 2022, when hackers exploited a zero-day vulnerability in its ATM servers to steal cryptocurrency from its customers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

General Bytes To Refund Customers Lost By The Security Incident

Key Points:

  • General Bytes has pledged to refund cloud-hosted clients and to implement additional security measures.
  • It was discovered that the attack resulted in at least 56 BTC and 21.82 ETH.
  • The business further adds that the affected system has undergone many security assessments since 2021.
General Bytes, the producer of Bitcoin ATMs, is presently trying to reimburse consumers who sustained losses as a result of the mid-March incident.
General Bytes To Refund Customers Lost By The Security Incident

On March 17, General Bytes reported the most serious security incident, as Coincu reported. The attacker used the system’s upload interface to upload and run a malicious Java program in order to obtain database permissions on the server as well as the hot wallet withdrawal API Key.

The attacker investigated the Digital Ocean cloud hosting IP address space and detected CAS services running on port 7741, including the General Bytes Cloud service and other GB ATM operators using Digital Ocean, the company’s cloud hosting provider.

“The attacker scanned the Digital Ocean cloud hosting IP address space and identified running CAS services on ports 7741, including the General Bytes Cloud service and other GB ATM operators running their servers on Digital Ocean (our recommended cloud hosting provider),” General Bytes explained in the security incident report.

According to reports, the hack resulted in the deposit of at least 56 BTC and 21.82 ETH into wallets associated with the hacker.

General Bytes had properly examined the hack’s damages and had been working feverishly to strengthen security measures and avoid such instances in the future.

It also emphasizes that the compromised system has been subjected to multiple security audits since 2021, but none of them have identified the exploited vulnerability.

Also, in 2021, Kraken cryptocurrency exchange experts discovered various vulnerabilities in General Bytes’ ATMs, which the firm swiftly corrected.

Despite these security audits, General Bytes experienced a security incident in August 2022, when hackers exploited a zero-day vulnerability in its ATM servers to steal cryptocurrency from its customers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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