Byte Federal Data Breach: 58,000 Bitcoin ATM Users Impacted
What Happened?
Byte Federal, a leading U.S. Bitcoin ATM operator, has disclosed a significant data breach affecting thousands of customers. According to a filing with Maine’s attorney general, hackers potentially accessed sensitive personal information of approximately 58,000 users.
Compromised Data Details
The exposed information includes:
- Full names and physical addresses
- Contact phone numbers
- Government-issued identification documents
- Social Security numbers
- Transaction histories
- User photographs
Timeline of the Breach
- Attack Date: September 30, 2024
- Discovery Date: November 18, 2024
- Notification Date: December 2024
Root Cause Analysis
Byte Federal attributed the breach to a vulnerability in third-party software. The company’s November blog post identified the exploit as originating from the widely-used GitLab developer platform.
Company Response and Security Measures
As one of America’s largest Bitcoin ATM networks with over 1,200 kiosks nationwide, Byte Federal has implemented several corrective actions:
- Complete hard reset of all customer accounts
- System-wide password updates
- Enhanced security protocols
What This Means for Crypto Users
This incident highlights the growing cybersecurity risks in cryptocurrency infrastructure. Users of digital currency services should:
- Monitor financial accounts regularly
- Consider credit monitoring services
- Enable two-factor authentication where available
- Be alert for phishing attempts using stolen data
Byte Federal continues to investigate the full scope of the breach while working with cybersecurity experts to prevent future incidents.
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