Security vulnerabilities are becoming increasingly common in the crypto industry. Two weeks ago, $BTC ATM manufacturer Lamassu Industries addressed a vulnerability that, if exploited, could have provided hackers with “full control” over its Bitcoin ATMs.
Gabriel Gonzalez, Director of Hardware Security at IOActive, reported that the exploited vulnerabilities could have allowed the hackers to empty all funds from the ATM and manipulate the note reader to display inaccurate deposit amounts.
The vulnerability was discovered when a team of ethical hackers from the security firm IOActive attempted to compromise Lamassu’s Bitcoin ATMs in 2023. The researchers identified and exploited multiple vulnerabilities, ultimately gaining full control over the ATMs.
