General Bytes, a Bitcoin ATM manufacturer, is refunding its cloud-hosted customers who lost funds in a security breach in March. The breach occurred when a hacker remotely uploaded a Java application into General Bytes’ terminals and gained access to passwords, private keys, and funds from hot wallets. At least 56 Bitcoin and 21.82 Ether, worth over $1.5 million and $37,000, respectively, were deposited into wallets connected to the hacker. The company has also added new security measures and is encouraging all customers to migrate to a self-hosted server installation, where they can effectively secure their server platform using VPN.
The ATM manufacturer has thoroughly assessed the damages from the hack and is investing heavily in additional human resources to assist its clients in migrating their existing infrastructure to a self-hosted server installation. General Bytes sold 15k+ Bitcoin ATMs in 149+ countries. They apologized for the incident and pledged to serve customers with integrity and professionalism.
