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Bitcoin ATMs are not as secure as they seem

by Ainsley Ingram

Bitcoin ATMs are not as secure as they seem


Alexander Antipov

Users should be extremely careful with Bitcoin GBBATM2 ATMs.

Bitcoin ATMs, however, can appear to be very secure equipment, as follows from report Specialists in the Kraken cryptocurrency exchange, the network of such ATMs in the United States is vulnerable to attacks by hackers, especially due to security breaches.

Bitcoin ATMs allow users to convert local currency to cryptocurrency, but basic data such as server and application addresses can be easily changed, Kraken said in a report.

Bitcoin ATMs are prevalent around the world, but in the United States they are the most numerous – over 22,235. Canada is in second place in terms of number (1,776 in total).

According to experts, users should be especially wary of Bitcoin GBBATM2 ATMs.

In addition to the issues common to all Bitcoin ATMs, GBBATM2 models often do not alter the factory QR code common to many ATMs, making them easy targets for cybercriminals. They are easy to unlock and don’t even have an alarm, and the Android operating system allows anyone to install apps, giving attackers the ability to easily generate their own permission requests because it There is no protection against tampering with cross-site requests.

“The devices do not display any local or server-side notifications other than messages indicating that internal components have been accessed. Currently, a potential attacker can break into an ATM cash drawer, an on-board computer, a web camera, and a fingerprint reader, ”report said.

Experts recommend using only trusted ATMs and, before making transactions, check whether they are reliably protected and equipped with CCTV cameras.


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