Data breach affects 58,000 customers: Byte Federal, a MAJOR Bitcoin ATM operator in the United States, has experienced a data breach that compromised the personal data of approximately 58,000 customers. The breach raises serious concerns regarding the security measures for cryptocurrency ATMs globally.
Details of the breach and its timing: The breach originated from a vulnerability in GitLab, occurring on September 30, 2024, but was not detected until November 18, 2024. It exposed sensitive information including Social Security numbers and government IDs, increasing the focus on cybersecurity for financial technologies.
Company response and future actions: After the breach, Byte Federal reset all customer accounts and has advised users to update their credentials. The firm is now working with cybersecurity experts to evaluate the incident while confirming there’s no evidence of data misuse, which provides some reassurance to their customers.