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Beware, Bitcoin ATM Fraud in the US Increases 10-Fold
In November last year, a cybersecurity collective called vx-underground tweeted that unknown hackers had broken into Coin Cloud, a Bitcoin ATM company that went bankrupt.
According to vx-underground, the hackers claim to have stolen 70,000 customer images taken from cameras installed on ATMs, as well as personal data of 300,000 customers, which allegedly includes, Social Security Number, date of birth, First Name, Last Name, email address, Phone Number, Current Employment, Physical Address, and more.
No one has publicly claimed responsibility for the hack. A month later, what exactly happened to Coin Cloud remains a mystery, even to the company’s new owners.
Coin Cloud was a company that operated thousands of Bitcoin ATMs in the US and Brazil, according to its official website, until the company filed for bankruptcy in February.
In July, Genesis Coin, another Bitcoin ATM provider, acquired 5,700 ATMs from the defunct Coin Cloud, according to a press release issued at the time.
Genesis Coin was acquired in early January by Andrew Barnard and his partners, who own another cryptocurrency ATM company called Bitstop.
Beware, Bitcoin ATM Fraud in the US Increases 10-Fold
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