U.S. Bitcoin ATM operator reports data leak of 60,000 customers
Bitcoin ATM operator Byte Federal discloses data breach affecting 58,000 customers
Byte Federal, one of the largest Bitcoin ATM operators in the United States, has disclosed a significant data breach potentially impacting 58,000 customers.
The Florida-based company reported the incident to Maine’s attorney general on Dec. 12, stating that sensitive personal information may have been exposed, reports Cointelegraph.
Details of the Breach
The breach, discovered on Nov. 18, occurred on Sept. 30 when a bad actor exploited a vulnerability in software provided by a third party. Byte Federal immediately shut down its platform upon detecting the attack and assured users that no funds or assets were compromised.
The potentially exposed data includes: • Names • Dates of birth • Addresses • Phone numbers • Email addresses • Government-issued IDs • Social Security numbers • Transaction activity • Photographs of users
While Byte Federal has found no evidence of misuse, the company emphasized its commitment to ensuring the safety of customer data.
Response and Mitigation Efforts
In response to the incident, Byte Federal initiated a hard reset on all customer accounts, requiring users to update their login credentials. The company also enhanced its cybersecurity measures, updating internal passwords, password management systems, tokens, and keys.
Byte Federal is conducting a forensic investigation in partnership with an independent cybersecurity team to determine the scope and cause of the breach. A legal investigation is also underway.
“We are taking precautionary measures to ensure the security of your data and to help alleviate any concerns you may have,” Byte Federal stated.
Broader Implications
This breach highlights the vulnerabilities in the cryptocurrency ATM ecosystem, especially as third-party software integrations remain a key point of exposure. Byte Federal’s response underscores the importance of robust security protocols in safeguarding customer data in the digital asset sector.
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