Kraken Reveals Many US Bitcoin ATMs Still Use Default Admin QR Codes 0 15

BitMEX Installs Blockstream’s BTC Satellite System, As Crypto ATMs to Pass 10,000 in Number Globally

Kraken a bitcoin exchange has warned the users about a potential hacking threats. The company has urged the BATMTwo ATM owners and operators to bring in the alterations to their QR code to remain safe against any sort of threat. Kraken Security Lab has argued that there are multiple Bitcoin ATMs that are unprotected against any sort of hacking attack.

The company via its blog addressed the people about the findings of the research conducted by the Kraken Security Labs team. The study explored the hardware and software-related vulnerabilities in many BATMTwo ATM range.

The study further revealed that there were multiple lope holes in the current administrative QR code. Multiple attack vectors were also present there. The android operating system, the ATM management system and even the hardware of the machine were found vulnerable to hackers.

The Kraken’s security team also said that incase any hacker gets access to the administrative QR code, he can have access to the ATM management system. The ATM’s boot management system is also weak.

Initially the company issued the statement about vulnerabilities to General Bytes on April, 20201. Later on, the company issues some patches to fix the security issues. However, these patches were not the required solution. The company recently said that hardware revisions are required in order to cope with these issues.

The group additionally found that it had the option to acquire full access to the Android management framework behind the BATMTwo ATM by essentially joining a USB code to the machine and cautioned that “anybody” could “introduce applications, duplicate records or direct other hazardous activities.”

General Bytes are based in the Czech Republic. As of this writing there are more than 6,391 General Bytes ATMs installed worldwide. The General Bytes ATMs represent the 22.7% share of the global bitcoin market. But this percentage also includes the BATMThree machines, which are not included in Kraken’s recent report.

As far as the location of these ATMs is concerned, the majority of these ATMs is located in the countries like U.S.A and Canada. U.S.A and Canada together have around 5,300 bitcoin ATMs. However, Europe has around 824 ATMs installed. Kraken has sent warnings to the operators that they must change the default QR amin code, upgrade the CAS server, and also place the cameras where the ATM machines are installed.

However, the actual number of cases of Bitcoin ATM hacks are pretty minimal. But in the past, there have been rumors about the possible hacking attacks on Bitcoin ATMs. But this time Kraken has talked about the technical aspects which can be exploited by the hackers. The current warnings seem more realistic.

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Sentenced ‘Bitcoin Czar’ Named Among Pandora Papers 0 8

Juts couple of days ago ICIJ published its new research about some of the world’s top leaders’ and influential peoples’ stories of financial misconducts.  The reports by ICIJ also argued that “Bitcoin czar” may have been the member of the Carbanak hacking group. The International Consortium of Investigation Journalists (ICIJ) have also discussed the crypto criminal in their new leaks called “Pandora Papers.’

The ICIJ’s Pandora Papers have claimed “Bitcoin czar” a famous criminal who masterminded the largest “cyberheist in history” own the offshore assets. However, the Pandora Papers also said that those offshore assets being managed by a third independent firm.

Pandora Papers have exposed how some of the world’s most influential people have hidden their wealth. Where those papers have exposed world’s top 300 politicians and businessmen. The report has also discussed the operations of hacker group Carbanak. The cybergang according to the reports have stolen around $1.24 billion from financial institutes and the digital crypto exchnages as well. The network operated over more than 100 countries from 2013 to 2017.

However, the most famous arrest of this network’s members came in 2018, when the authorities finally managed to arrest the master mind Denis Tokarenko (also known as Denis Katana), and many people have voiced that Pandora Papers indirectly called his name.

The reports published by the Bloomberg’s business research and network team concluded that at the time of Tokarenko’s arrest back in the month of March 2018, the Spanish National Police recovered 15,000 Bitcoin (BTC), worth $162 million from his possession. This is history’s biggest crypto scam till today.

The illegal approach adopted by the Tokarenko did not just end here. The Chief inspector of the Spanish police, Carlos Yuste also told the sources that Tokarenko also purchased a bitcoin mining system in China. He used his mining system to launder his illegal Bitcoins as well.

Despite the fact that Pandora Papers have not directly covered the crypto thefts and other cyber-attacks, but these papers have partially included the incidents from digital trading as well. This leads to the future possibility the ICICJ might decided to open up about the digital thefts and cybercrimes incidents as well.

But the fact is that Pandora Papers have provide quite the useful insight about the some of world’s most famous cyber-attacks on the recent time. If authorities decided to put investigate these facts, then there might be multiple people who find them behind the bar. The primary issue regarding the cyber-attacks culprits is that majority of them gets away because of the lack of the profs. The only notable person who was sent to prison on committing a cybercrime was former Rizal Commercial Banking Corporation employee Maia Santos Deguito.

Uzbekistani Citizens Warned Against the Use of Unauthorized Exchanges 0 9

The government of Uzbekistan has been quite proactive when it comes to the use of crypto exchanges. As most of you may know, there has been a fair bit of commotion in the crypto world and most of it exists because of the regulations being implemented by a large number of governments. While some people are not in the favor of these regulations, many people, including a large number of crypto experts believe that they will be quite handy.

This is because regulating crypto will ensure that people don’t have to worry about false transactions, scams, frauds, and a large number of other issues prevalent in the world of crypto. The government of Uzbekistan has been especially quite determined to eliminate crypto-related corruption in the country. One of the first steps that the country has taken is to make sure that people in the country steer clear from making transactions with unauthorized exchanges.

For those who don’t know, there are loads and loads of exchanges operating in Uzbekistan and other countries in the world. Sure, not all of them are unauthorized but you will be surprised to learn that a large number of them happen to not be authorized.  What makes things so complicated is the fact that knowing which exchange is legit and which one isn’t can be quite challenging. This is because most exchanges, if not all, look one in the same and it is difficult for people to tell them apart.

This is one of the main reasons why the government of Uzbekistan has stepped in and tried to take matters into its own hands. One of the main aims of this exchange is to make sure that people do not have to worry about checking which exchange they would choose to invest crypto in. Instead, the government has been helping people quite a bit by creating teams just for the purpose of checking these exchanges.

In addition to that, the Uzbekistani government has also issued a notice against unauthorized crypto exchanges, stating that using them could result in serious action. Upon checking some of the exchanges operating in Uzbekistan, it was learned that there were more than 5 of them that did not have their own offices in the country. Instead, research teams found out, after a thorough investigation that these unauthorized exchanges were operating from somewhere else.

This was enough to suggest that the government is indeed hard at work to steer clear from crypto corruption in the country. Because of this, governments of other countries have also become quite proactive in order to eliminate any sort of corruption to keep investors safe.

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