Following a “security incident” in March that resulted in access to their clients’ hot wallets, General Bytes is paying back its cloud-hosted customers who lost money. At least 56 Bitcoin BTCtickers were compromised, each valued $27,075, or more than $1.5 million at the time of writing, and 21.82 Ether ETHtickers were also compromised. To stop additional illegal access, General Bytes has taken quick action, and it is striving to safeguard its clients.
General Bytes has compensated impacted clients and urged them to switch to a self-hosted server installation while “working diligently” to strengthen security protocols and stop similar instances from occurring again. Since most ATM operators use VPN technology to safeguard their infrastructure, the breach did not damage them. General Bytes has stopped offering cloud services and is dedicated to continuing to provide customers with integrity and professionalism.
