Crypto automated teller machine (ATM) operators in the US were forced to temporarily shut down following a security breach that enabled a #hacker to remotely access General Bytes' master service interface and liquidate $1.5 million worth of #bitcoin and other cryptocurrencies.

The breach, which occurred on March 17 and 18, allowed the attacker to upload their own Java application using the interface and access the database, read and decrypt API keys, download usernames, and turn off 2FA.

The hacker also sent funds from hot wallets and exchanges. General Bytes has advised all customers to take immediate action to protect their funds and personal information and is transitioning crypto ATM operators to self-hosted servers.

The company is discontinuing its cloud service and has disclosed the addresses and IP addresses used in the attack.

This is not the first time General Bytes has experienced issues, with a security flaw. It also recorded a security flaw on 18th August 2022.

A wallet address under the control of the protocol mining entity for Euler Finance recently transmitted 100 Ether ($170,515) to a wallet linked to the Lazarus Corporation's Ronin network attack.

#Euler Finance, a decentralized finance (DeFi) platform that offers on-chain financing, was hacked with potential losses of up to $197 million, as previously reported.

The Ronin network of Axie Infinity will be mined for $625 million by Lazarus Corporation in March 2022. This infamous hacker organization is also thought to have been engaged in other additional DeFi breaches in 2022.

Lazarus Corporation was added to the list of companies that the US Treasury Department has designated in April. The theft of $100 million in cryptocurrency from Horizon Bridge was blamed on the Lazarus Group and North Korea's APT38 hacking group, according to the Federal Bureau of Investigation (FBI) in January.

It is unclear if the #Lazarus Group is responsible for the attack or if they have any relation to the mining company Euler Finance.

Euler Labs CEO Michael Bentley wrote about the "toughest day" of his life after Euler was hacked in a series of tweets that were published today.

The site has "always been a privacy-conscious initiative," he tweeted in response to a user who sent a message claiming that Euler had received 10 audits from 6 different companies.

90% of the stolen money must be returned to Euler Financial within 24 hours, according to their request. Otherwise, the offender will be held accountable in court. Thus, the hacker gets to retain $19.6 million. Yet, the #hacker still needs to respond.

The organization also solicited community support by offering a $1 million reward to anyone who can locate the hacker's hint.

Since the attack, the token's value has decreased by more than 70%, from $6.1 to $1.9 right now.

Bitcoin ATM manufacturer, General Bytes, has announced that it will be compensating its cloud-hosted customers who lost funds during a security breach that occurred in March.

The company confirmed that a #hacker had gained access to sensitive information, including passwords, private keys, and funds from hot wallets on March 17 and 18.

The hacker was able to remotely upload a Java application into General Bytes' terminals, which enabled them to steal at least 56 #bitcoin (worth over $1.5 million) and 21.82 #Ether (worth $37,000) from the affected customers.

General Bytes immediately took action to prevent further unauthorized access to its systems and released an incident report detailing the attack on March 23.

Since then, the company has been "working tirelessly" to improve its #security measures to prevent similar incidents from happening in the future.

General Bytes confirmed that it has thoroughly assessed the damages caused by the hack and is now reimbursing its affected customers.

In a statement, the company expressed its commitment to protecting its customers' funds and information.

It also warned other companies to be vigilant and proactive in securing their systems against potential cyberattacks. The security breach at General Bytes highlights the need for strong security measures to protect against the growing threat of cybercrime in the cryptocurrency industry.

#Euler Labs said on April 4 that the attacker had successfully refunded all of the money taken from the transaction on March 13 after successful discussions.

The $1 million fund started by the Bounty Campaign will no longer accept fresh information because the attacker have returned the funds. Information will be made public tomorrow.

A #hacker gained access to the loan contract Euler Finance earlier on March 13, causing 197 million USD in losses. As revealed by MetaSleuth, the perpetrator took part in the deflationary attack that took place a month ago. The most recent attack was carried out by the attacker using the Multichain MultichainOrg bridge to move money from #BinanceSmartChain to Ethereum.

90% of the stolen money must be returned to Euler Financial within 24 hours, as per to their request. Otherwise, the offender will be held accountable in court. In a message to the hacker dated March 14, Euler Labs attached 0 Ether (ETH) and threatened to give a $1 million reward for information that would result in the hacker's capture and recovery of all monies if the funds were not returned within 24 hours.

These transactions, which took place on March 25 and entailed the repatriation of 58,000 #ETH worth more than $101 million at the time, were followed by them after a lot of work. The hacker eventually gave up his #crypto holdings worth more than $138 million after this incident, and the remaining money was also repaid.

This news is republished from https://coinaquarium.io/

The cryptocurrency market has once again been hit by a major heist, this time involving Euler Finance and a hacker named Jacob. According to reports, Jacob's exploits have resulted in the theft of over $200 million worth of cryptocurrency, making it one of the largest cryptocurrency heists in recent times. Here's the incredible story of the Euler Finance heist and the notorious hacker, Jacob.

It all started during the month of March, which turned out to be a month of mayhem for the cryptocurrency market. Euler Finance, a decentralized finance (DeFi) platform, was one of the victims of the attacks. Jacob, a hacker with a history of exploiting vulnerabilities in DeFi protocols, identified a vulnerability in Euler Finance's smart contract and took advantage of it to siphon off funds from the platform.

The heist was carried out in multiple transactions, with the hacker using a sophisticated set of tools and techniques to evade detection. Jacob used a combination of flash loans, token swapping, and other DeFi protocols to launder the stolen funds and cover his tracks.

The heist went unnoticed for a while, but eventually, Euler Finance's team detected the attack and alerted the authorities. The Euler Finance team worked tirelessly to contain the attack and minimize the damage, but by the time they were able to put a stop to it, over $200 million worth of cryptocurrency had been stolen.

The Euler Finance heist highlights the vulnerabilities of DeFi platforms and the need for stronger security measures. DeFi platforms are built on the principles of decentralization, which makes them vulnerable to attacks. As the popularity of DeFi grows, so do the risks of hacks and exploits.

The incident also highlights the role of hackers in the cryptocurrency market. While many hackers use their skills for malicious purposes, some hackers are motivated by a desire to expose vulnerabilities and improve security. However, even these ethical hackers can sometimes cause unintentional harm.

In conclusion, the Euler Finance heist is a cautionary tale for the cryptocurrency market. It highlights the need for stronger security measures and the importance of being vigilant against hacks and exploits. As the cryptocurrency market continues to grow and evolve, it is essential that we continue to improve security measures and work towards a more secure and resilient ecosystem.

#euler #BTC #dyor #hacker #crypto2023