Topic: Personal data of 300K users, provided at BTC ATMs, allegedly in hacker's hands (Read 259 times)

Although the original post is more than three months old I find it very interesting. It is also timely because we have a current thread in the forum about a member who said he used a Bitcoin ATM and he said he was excited. From this news you don't have to be excited, you should be scared because you just gave out your data cheaply to third parties. It also amazes me why people use Bitcoin ATMs where they can easily use decentralized exchanges.

I am afraid that these people will now become targets of criminals because many people think that anyone who owns Bitcoin is rich. This is a reminder that third parties are not to be trusted with personal information. Maybe they were asked to take pictures in the ATM as part of their KYC or were they just selfies out of the excitement of using a Bitcoin ATM?

From here: https://techcrunch.com/2023/12/12/bitcoin-atm-company-coin-cloud-got-hacked/


Could have been an inside job before they went bankrupt, could have been an inside job with one of the aquisations by someone who felt they did not get when they were entitlted to, could have been a hack.

I have used BATMs a few times, never needed to give my SSN. Makes you wonder how much BTC / $ those people were moving through the machines that they needed that kind of KYC. For the most part a drivers license or similar is all that was asked for.

-Dave

Was this purely hacked or was it deliberately sold by a bankrupt ATM service owner? Quite surprised by this condition, but luckily I have never used crypto ATM services because there is no one in my country.
A few days ago I had written about the decline of crypto ATMs in the world. There are also new regulations in the United States in the state of California regarding transaction restrictions. The California government took the step because of the widespread use of crime through crypto ATMs. I hope this incident makes Crypto ATM manufacturers increase security if they want to stay afloat. This condition certainly aggravates the situation.

Wow! This is bad and once your date of birth , your phone your names and other KYC information are known by hackers then they would will use it to access your account. And mostly your phone number. If they have access to your phone number, the physical hardware then they would drain your account. Personally I was not thinking that BTC ATM can be hacked easily like that because I have not heard anything concerning on the Fiat ATM hacked since when I have started using banks. Because ATM is well protected so if ATM data is leaked then insider my be involved and given the information to the outsider to have access to database of the ATM.

Hackers are upgrading their methods to attack new technologies every day. So we should be careful with our information in the public domain. Now we have seen this and we don't know which is next. Well we have not gotten Bitcoin ATM in our region or area so most of us don't know how it operate.

This is why I always wear a face mask whenever I go to the ATM or maybe even just let my parents use their own cards to get the money that I've transferred to their account, that way I don't have any interaction and even if my data is compromised, my face isn't the one posted. Has anyone presented or raised a bid to buy those data already? I assume that with all the information that was compromised, the price for the list is bound to be a lot of money. Man, with this kind of thing happening, KYC is becoming less and less attractive to me because I do consider that KYC can help with the AML policies surrounding cryptospace but at the same time, when things like this happen all the time, I just don't think that it's a good idea to advocate for it anymore.

Well, the selfie in it self might not be an issue, if the scribbling on the poster, refer to the service that it was used for.

I always add the name of the service, where I use the photo or documents, so that it can be traced back to the origin of the leak.  

When I make a certified copy of the original, I write the name of the service for which it is used... on top of it.

I don’t understand why people use a bitcoin atm which requires KYC which a CEX also requires but is much more secure. And the fees are much much cheaper. Most exchanges you trade at 0.15-0.25% while a bitcoin atm is like 10%. Add in the fact that you need to KYC, I don’t see the point. Maybe it’s due to speed.

And yes all the bitcoin atms have a camera, and I am pretty sure it always records not only for the selfie image verification. This has been present in most bitcoin atms including the early ones.

True, this could be done by someone with access to the database of the said ATM or bank, because as a developer in database management, I can say that the sample information is in database format, or it is usually the structure of a row of data in a database, and it is alarming because if someone really releases it or gives it to hackers, then hackers could take advantage of this information as the information is crucial and vital. This should be actioned by the bank owner, or else they will be charged with heavy cases, and for those customers, better change the password or information of your account that is in that ATM, or else there will be inconvenience and, at worst, hackers might get something from you. I hope not all information is being extracted from the database, or else it will be doom for those users.

inside job is also very possible in this case. for those users affected, better change other details that they think can b compromised. be cautious also for something that they will receive via emails claiming they need to log in or access any website to recover their lost keys or something. scammers will always find a way how to take the bait to their potential victims.

Fuck. The very moment that you put you guard down and actually try out a bitcoin ATM, you subject yourself to risks of not only having your bitcoins stolen, but also getting your identity stolen at the same damn time. Since Coin Cloud's not operational anymore, who's gonna be responsible for the recompense that these 300k users will have to receive given the fact that their important info just got into the wrong hands.

As someone who personally experienced a similar situation as these poor folks (I got my PC contracted with a malware who not only stole my wallet's contents, but also stole important files on my harddrive and even went so far as to use my PC as an ethereum miner), what I would highly suggest they do is immediately get to the police to file a formal complaint even if the details on how to get the perpetrators apprehended are a little cloudy at the moment. The thing is that the police and justice units must know about this first and deem this as a major threat to mobilize their units and have them get to the bottom of this whole situation. Plus it's not that hard to imagine these hackers being in the same state or perhaps country as the victims considering that they only attacked a singular brand of ATM, which means investigation could go smooth and safe for the users who just got their information leaked.

While investigation is carrying on they need to secure their information by making sure that all their emails, if unable to be deleted, have their passwords changed and their 2FA activated. Their mobile numbers must also be changed, these are the most important things one should do soon as they find out they are exploited for the information they can provide.

I don't have technical knowledge about this but with related experiences I have heard about hackers penetrating persons banks account through the ATM machines that retains the ATMs operators informations even after the ATM cards are ejected out from the machines.
I think they have a hardware device which is slotted in a Port of the ATM machines and reconfigures the machines programs and then they takes over the ATM machines language commands restoring the details of the previous ATM users.
I think I would blame the scientific technology of the ATMs operating system that stores informations of users in the machines else I don't think if this individual documents could be so easily comprised without obtaining the hardware device (ATM card). Hence I would suggest that the file that detects and stores this operators users of the ATMs should be abolished if possible to manage illegal intrudement of these hackers.
My little thoughts though!

quote author=DdmrDdmr link=topic=5473882.msg63149547#msg63149547 date=1699868170]
Specifically, the stolen information seems to be:
Most times, some of our personal full details should be kept private even though they are not secret keys because there would always be a way for compromise.
We are in the era of an advanced technology where impossibilities could be possible but at least, taken concious measures should be a paramount.

seeing the news that was posted here in the forum about the Swedish couple who was tortured by criminals in order to get access to their Bitcoin assets makes this incident a lot scarier.

it's possible, I mean it is not the first time a company has sold their user's sensitive data to get money from it.

At first, I felt that Bitcoin ATM I'd one innovation that will Foster greater acceptance and adoption of Bitcoin as it offers more flexibility and accessibility to Bitcoin. Unfortunately,  events surrounding the operation of these ATMs and issues such as this one leaves nothing to be desired.

This is likely the case...it was an easy money for whoever was involved since the company was already bankrupt.  This may benthe fate of most platforms hence the reason for my fears regarding KYC.

Instead of being convenient to use, there is a trade-off with added concerns due to the possibility of becoming a victim of identity theft and being used in cybercrimes. They need to monitor their bank accounts and credit reports for the aftermath of the breach, and it's worrisome to be in such a situation, as I won't be at ease. KYC is for identity verification, but it's disheartening to think that your personal information could be at risk of being used for malicious purposes such as deepfakes and other forms of impersonation.

Honestly, this is not good, especially for those people who are vulnerable to attacks because they don't have enough security in their homes. There are lots of incidents where people are kidnapped and attacked to steal their bitcoins from them after they flex their BTC balance or someone just knows they have them. they were forced to ransom their selfs in order to save them from these bad people who wanted to steal their BTC. That's why we really need to save our address in order to prevent such things from happening to us especially our personal address and BTC balance.

What makes a Bitcoin ATM company service request detailed data such as professions, physical addresses, social security numbers, and other data from the company, such as ATM transactions worth $100 to $5,000? Through this, Basic KYC, such as full name or passport photo, is sufficient, especially since the amount is less what requests by anti-money laundering services, which may request data such as the nature of income, position, and physical address.

This reminds me of the same data leak that happened to FTX after it filed for bankruptcy.

Once you use bitcoin in public, your privacy is also at risk, so using a bitcoin ATM or using bitcoin for payment will not guarantee our privacy. But people both want to ensure privacy and ensure that bitcoin will become a popular means of payment around the world. I really see the contradiction in our thoughts. Once we use KYC anywhere, the risk of information being stolen or sold is inevitable, even banks are selling our information.

I think not all bitcoin ATMs are asking KYC, that's why some users suggest Bitcoin ATMs when someone want to deal without KYC.

Talking a possibility, yes there's.

But the employees must be have had share their personal identity to the employer. In case something bad happen (like this one), the employees would be the first one that being investigated, so it's easy to catch him/them.

One thing I notice most people make use of bitcoin ATM rather than exchange is that they result of them believing it's easy to use something, and they find CEX KYC very stressful to pass. The majority of bitcoin ATMs also don't request much data for verification some only request the mobile number and the selfies the machine took from their customers to explain why they are conducting the transaction.
 
Many people who I believe make use of Bitcoin ATMs are those who are so afraid of exchange, as many people believe they need some sort of skill before they can successfully buy from an exchange and make a good withdrawal with issue. I said this due to the experience I have had with a relative away who struggled to send bitcoin over to me sometime ago, even with the direction I gave her, she still ended up not being able to do it herself, and anything that has to do with online and they don't see a physical shop, most people have trust issues with that.

What a heck, I never thought as this could ever happened with the use of bitcoin ATM, this means that the service providers of these ATMs needs to be verified before using them and one cannot use any ATM anyhow, this is another important massive discovery in which most of the bitcoin privacy minded user's might not have given attention to, getting to know about this, it may results i having a decline in the rate of people using the bitcoin ATM because they know that their privacy informations are not secured, but sadly it's also ridiculous to see that using a bitcoin ATM is one of the worst mean of exposing our privacy.