Kraken exposes security vulnerabilities in Bitcoin ATMs
The security team at Kraken has revealed vulnerabilities with some Bitcoin ATMs. The team made this known in a blog post published on its official website yesterday. Kraken said users have to be careful how they use the Bitcoin ATMs.In a blog post yesterday, Kraken said the ease of use of Bitcoin ATMs comes at the expense of their security. Kraken said
“Kraken Security Labs has uncovered multiple hardware and software vulnerabilities in a commonly used cryptocurrency ATM: The General Bytes BATMtwo (GBBATM2). Multiple attack vectors were found through the default administrative QR code, the Android operating software, the ATM management system and even the hardware case of the machine.”
The security team added that it found that numerous ATMs are configured with the same default admin QR code. Thus, allowing anyone with this QR code to walk up to an ATM and compromise it. The team also found a lack of secure boot mechanisms, as well as critical vulnerabilities in the ATM management system. Bitcoin ATMs allow users to buy bitcoin using fiat currency.
General Bytes is a leading Bitcoin ATM manufacturer
According to information provider Coin ATM Radar, General Bytes is currently the second-largest manufacturer of Bitcoin ATMs, representing 22.7% of the global market. Kraken listed ways people can avoid the security risks that come with using Bitcoin ATMs.The crypto exchange advised people to use cryptocurrency ATMs in locations and stores they trust and ensure the ATM has perimeter protections, such as surveillance cameras, and that undetected access to the ATM is unlikely.
For the Bitcoin ATM operators, the Kraken security team advised that they should change the default QR admin code if they didn’t do so during the initial setup. The operators should also update their CAS server and follow General Bytes’ best practices and also place ATMs in locations with security controls, like surveillance cameras.
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