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General Bytes Plans to Refund All Customers Who Lost Funds in Zero-Day Attack

General Bytes Plans to Refund All Customers Who Lost Funds in Zero-Day Attack

General Bytes shares a detailed report about a recent hack.

General Bytes, a manufacturer of Bitcoin ATMs, has announced plans to compensate customers who lost funds in a cyberattack, in addition to implementing new security measures.

According to an incident report by the Prague-based ATM maker, the attacker deployed a zero-day exploit and transferred customers’ crypto from their hot wallets.

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The attacker reportedly used a Java application that allowed the malicious actor to access sensitive information, such as user passwords and private keys. In response to this breach, General Bytes shut down its cloud service.

Data from Blockchair indicates that the hacker made away with over 56 Bitcoins (BTC), valued at $1.5 million as of March 28th. At the time of writing, all BTC had been moved from the wallet address used for the breach. The attacker also used dozens of crypto wallets to steal other cryptocurrencies from compromised wallets, including 21.82 Ether (ETH).

Besides customer refunds, General Bytes has called on users to migrate their infrastructure to self-hosted server installations secured by VPNs. The ATM maker highlighted that there had been minimal impact on infrastructure running on such installations.

Upon identifying the breach on March 18th, the Bitcoin ATM manufacturer alerted its customers to act and protect their data. The company stated:

The entire team … is continuously working to resolve all cases to help clients back online and continue to operate their ATMs as soon as possible.

General Bytes notes that the vulnerability had remained undiscovered since 2021 and that it will conduct multiple independent security audits to enhance its safety.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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