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Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

[Apr 2, 2023 1:30 AM] According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three…

Bitcoin ATM maker to refund customers impacted by zero-day hack

[Mar 27, 2023 10:57 PM] General Bytes has implemented several measures in the wake of the hack, including offering to reimburse its cloud-hosted customers and adding new security measures.

Hot Wallets Exploits Push This Crypto ATM Maker To End Cloud Service

[Mar 20, 2023 8:30 AM] One of the challenges of the crypto industry is cybercrime. These nefarious activities come in diverse strategies such as network hacks, phishing, exploits, etc. 2022 was one of the worst years for the industry as many projects and DeFi protocols…

Bitcoin ATM maker shuts cloud service after user hot wallets compromised

[Mar 19, 2023 9:59 PM] 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.

Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen

[Mar 18, 2023 11:30 PM] General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based…

Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year

[Nov 24, 2022 5:00 AM] New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows…