Kenosha Residents Warned Against Bitcoin ATM Scams
Recently, the Kenosha Police Department has issued a stern warning to the local populace regarding an emerging scam involving Bitcoin ATMs. The new fraudulent scheme has already instigated two major investigations after residents fell victim to the deceptive tactics of these scammers. The authorities are now on high alert, urging the community to exercise caution […]
Bitcoin ATM flaw allows hackers unprecedented access
A recent revelation has shed light on a significant vulnerability in Bitcoin ATMs provided by Lamassu Industries. This flaw, if exploited, could have allowed hackers to gain complete control over these machines, posing serious risks to users’ funds and personal information. Bitcoin ATM flaw risked users’ wallets Security experts from IOActive, a well-known cybersecurity firm, […]
Bitcoin ATM provider Lamassu Industries addresses vulnerability after ethical hackers gain control
Recently, Bitcoin ATM provider Lamassu Industries swiftly responded to a security breach after ethical hackers successfully gained control of their ATM machines. The vulnerability was identified by a team of security researchers from IOActive during their attempt to compromise Lamassu ATMs in 2023. The discovery unveiled significant flaws that could allow attackers to steal users’ […]
Terrifying Bitcoin ATM scam leaves Iowa resident broke
As digital currencies make their mark on the financial landscape, Bitcoin ATMs are becoming as commonplace as their traditional counterparts. However, the surge of these cryptocurrency kiosks across the nation is not without a sinister underside. In Clive, Iowa, a resident recently discovered the hard way how the anonymity and untraceability associated with these machines […]
Bitcoin ATM giant forced to cease operations after statewide scam
Bitcoin of America, a prominent cryptocurrency ATM provider, has faced regulatory action in Connecticut, leading to the suspension of its operations within the state. The Connecticut Department of Banking emphasized that Bitcoin of America failed to acquire the necessary license to operate Bitcoin ATM kiosks, which ultimately led to the consent order. The order was […]
Hackers are targeting Bitcoin ATMs through zero-day attacks
If the world of cryptocurrency already didn’t have enough to worry about, hackers are now targeting bitcoin ATMs to withdraw large amounts of BTC. Recently, a group of anonymous hackers have exploited a zero-day bug in the General Bytes Bitcoin ATM servers to steal BTC from several customers. When the customers purchase or deposit bitcoin […]
Bitcoin ATM installation declines in 2022
Bitcoin ATM installation has undergone an overwhelming decline in the last few months, according to a report. Last month marked exactly four months that the downward trajectory has persisted in the crypto ATM ecosystem. Noticeably, the first decline was witnessed in January, with the following months also not anything to write home about. Bitcoin ATM […]
