Byte Federal
100% American-Made Bitcoin ATMs
Byte Federal's vertical integration and American-made hardware remain genuine differentiators. However, a September 2024 data breach via a GitLab vulnerability exposed ~58,000 customers' sensitive data — including Social Security numbers, government IDs, and transaction histories. The resulting class action (Fisher v. Byte Federal, CACE-25-002678) reached preliminary settlement in April 2025, offering up to $3,080 per affected individual. While the settlement demonstrates accountability, the breach reveals cybersecurity gaps inconsistent with handling sensitive financial data. Combined with the pending Missouri AG investigation, the C rating reflects elevated risk despite an otherwise differentiated product.
About Byte Federal
Byte Federal is a Venice, Florida-based Bitcoin ATM operator founded in 2016. The company distinguishes itself by developing 100% American-made hardware and software for their ATM network spanning 1,350+ locations across 42 states.
Byte Federal offers Lightning Network support for faster, lower-cost Bitcoin transactions, plus their ByteWallet (non-custodial wallet) and ByteVault apps for managing cryptocurrency. They also provide POS systems for merchants to accept crypto payments.
Visit bytefederal.com for more information.
USA Made
American hardware & software
Lightning Network
Fast, cheap transfers
ByteWallet
Non-custodial wallet
Merchant POS
Business solutions
High regulatory risk - review details before transacting
AG Catherine Hanaway issued CID to Byte Federal as part of statewide investigation into cryptocurrency kiosk operators. Investigation focuses on fee disclosure practices and anti-fraud policies. This is an investigative demand, not a lawsuit or finding of wrongdoing.
Class action filed after September 2024 data breach exposed ~58,000 customers' personal data including SSNs, government IDs, and transaction history. Breach caused by GitLab vulnerability exploitation. Settlement with preliminary approval (April 2025) offers up to $3,080 per affected individual plus 2 years credit monitoring.
Byte Federal notified ~58,000 customers of unauthorized access exposing names, DOB, SSNs, government-issued IDs, photos, phone numbers, addresses, and transaction information. Root cause: exploitation of GitLab vulnerability on September 30, 2024.
Consent order regarding money transmission activities