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Author Topic: [2018-09-11] Coinatory: Bitcoin ATMs can be attacked with the help of the ...  (Read 125 times)
coinatory.com (OP)
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September 11, 2018, 12:25:00 PM
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According to security researchers, malicious software designed for bitcoin ATMs is already being sold in the “black” markets. For $ 25,000, malware that exploits a vulnerability in the service allows users to raise the price of bitcoin in euros, US dollars, or British pounds.

Researcher Fernando Merke explained: “Unlike conventional ATMs, there is no single set of verification or security standards for ATMs. For example, instead of requiring a credit or debit card for transactions, the ATM bitcoin uses mobile numbers and identity cards to authenticate the user. ”

Read more: https://coinatory.com/2018/09/11/bitcoin-atms-can-be-attacked-with-the-help-of-the-program-for-25000/
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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September 13, 2018, 04:34:37 PM
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The article is a bit of nonsense and coinidol just copy/pasted without doing any fact checking whatsoever. Read a full analysis of the 'hack' / scam here: https://us11.campaign-archive.com/?u=0bbed2eb0e6cb0c55eeb94964&id=02a251f206 Journalism is not what it used to be.
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