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Tag: Bitcoin

US Bitcoin ATM operator ‘Byte Federal’ reports security breach affecting 58K customers

Florida-based Byte Federal, the operator of 1,356 Bitcoin ATMs in the USA, is asking customers to reset login credentials following the data breach.

On December 12, 2024 Byte Federal submitted a filing with Maine’s attorney general, reporting a data breach resulting in unauthorized access to the personal data of some 58,000 customers.

Byte Federal reported it discovered the breach on November 18th, 49 days after it occurred on September 30th.

Byte Federal reported the hacker attempted to gain unauthorized access to the personal information of as many as 58,000 clients. The data included names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, social security numbers, transaction activity, and photographs of users.

Byte Federal operates 1,356 Bitcoin ATMs, accounting for 4.3% of all crypto ATMs in that country, according to data from CoinATMRadar.

Source » Cointelegraph

Germany shuts down ‘Crimenetwork’ the country’s largest online cybercrime marketplace

Crimenetwork facilitated a vast underground network of illegal activities, dealing in drugs, stolen data, and counterfeit documents.

The Register »

The BKA said it recently had more than 100 registered sellers serving more than 100,000 mainly German-speaking users.

The platform was used to buy illegal goods and services, such as stolen data, narcotics, weapons, botnets, and forged documents, the BKA said – again similar to its darkweb counterparts. Buyers also paid using cryptocurrencies, including Bitcoin but mainly Monero.

Between 2018 and 2024, the platform facilitated sales exceeding €90 million ($94.5 million), with admins scooping up a cut of each sale, thought to be in the region of 1-5 percent. Admins also received monthly payments from sellers for the right to list and advertise their illicit wares on the platform.

Cybercriminals often use cryptocurrencies for their anonymity and difficulty in tracing.

Elsewhere » BKA Press Release | Bitdefender | BleepingComputer | SecurityWeek | Security Affairs

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