cryptonews: A Bitcoin ATM manufacturer says more than $1.5 million has been stolen from hot wallets after a devastating breach. 🧐
The company's cloud service has now been closed down — and executives say multiple security audits performed since 2021 hadn't uncovered this vulnerability. A statement added:
According to Ars Technica, customers have now been left on the hook for losses that cannot be reversed.Bitcoin ATMs have popped up around the world, with the vast majority of them based in the U.S. The machines are often unregulated, some do not perform Know Your Customer checks, and they normally charge much higher fees than conventional crypto exchanges.
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