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    Home»Internet»Cryptocurrency»Kraken Reveals Security Vulnerabilities in Bitcoin ATMs
    Cryptocurrency

    Kraken Reveals Security Vulnerabilities in Bitcoin ATMs

    adminBy adminSeptember 30, 2021No Comments1 Min Read
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    Kraken Reveals Security Vulnerabilities in Bitcoin ATMs
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    A commonly used model of bitcoin ATMs has several software and hardware vulnerabilities, Kraken Security Labs revealed in a blog post yesterday.

    • The security team notified the manufacturer, General Bytes, on April 20 of the attack vectors. General Bytes has released patches for the back-end system, but some fixes may require hardware revisions, Kraken said.
    • Bitcoin ATMs allow users to buy bitcoin using fiat currency. General Bytes is the second-largest manufacturer of Bitcoin ATMs, representing 22.7% of the global market, according to information provider Coin ATM Radar.
    • The model in question, the BATMtwo (GBBATM2), had several vulnerabilities, according to Kraken, including a default administrative QR code, the underlying Android operating software, the ATM’s management system and the machine’s hardware case.

    Read more: Crypto ATM Installations Have Increased Over 70% This Year

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    ATMs Bitcoin Kraken Reveals security Vulnerabilities
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