$BULT Bullet Blockchain Prepares to Launch Silo Technologies’ Cybersecurity Pilot Program for Bitcoin ATM Installations to Combat Bitcoin ATM Fraud
https://www.otcmarkets.com/stock/BULT/news/Bu...?id=484155
LAS VEGAS, NV – June 27, 2025 – Bullet Blockchain, Inc. (OTC: BULT) (“Bullet Blockchain” or the “Company”), the only U.S. company holding foundational patents for Bitcoin ATMs and one of only three publicly traded Bitcoin ATM network owner/operators, today announced the planned commencement of pilot installations in key locations for its cutting-edge cybersecurity solution in partnership with Silo Technologies.
Combating the Surge in Bitcoin ATM Fraud
As cryptocurrency adoption increases, so do security risks. The FBI recently reported a 200% rise in crypto ATM fraud over the past two years, with scams including impersonation, QR code hijacking, and ATM terminal tampering. These vulnerabilities have led to millions of dollars in consumer losses, prompting urgent calls for stronger infrastructure protections.
FBI estimated 2023 losses from crypto ATM scams total nearly $115 million in the U.S., showing how serious this issue is. More than 4,300 complaints were filed in 2023 about crypto ATM scams, per the FBI.
Bullet Blockchain’s implementation of Silo Technologies’ cybersecurity platform directly addresses these threats by providing:
· Real-time threat detection for Bitcoin ATMs and crypto kiosks;
· Blockchain-verified encryption to secure transaction paths;
· Behavioral monitoring algorithms to flag suspicious activity.
Initially announced December 2024, this exclusive strategic partnership introduces a first-of-its-kind, cutting-edge cybersecurity solution for crypto wallets—designed to combat the growing threat of crypto wallet fraud in the rapidly expanding Bitcoin ATM industry. Sailo Technologies, a leader in cryptographic security, has partnered with Bullet Blockchain to integrate next-generation security solutions into Bitcoin ATMs. This collaboration aims to enhance security, prevent fraud, and create a seamless transaction experience for cryptocurrency users worldwide.
Silo Technologies Pilot Locations Announced
Bullet Blockchain is proud to announce the launch of its initial Silo Technologies’ cybersecurity platform pilot installations in:
· Atlanta, GA
· Miami, FL
These pilot deployments are part of BULT’s strategy to secure real-world digital finance touchpoints ahead of a nationwide rollout. The company will pilot test the Silo Technologies’ platform to validate real-time threat detection and system integrity, particularly in environments that mirror the security needs of Bitcoin ATM networks. Following successful testing, BULT plans to expand Silo Technologies’ deployment across the Bitcoin ATM industry, aiming to provide robust protection against fraud and digital asset compromise. Silo Technologies’ integration of blockchain with decentralized threat management sets a new standard in safeguarding both consumers and crypto infrastructure.
https://www.otcmarkets.com/stock/BULT/news/Bu...?id=484155
LAS VEGAS, NV – June 27, 2025 – Bullet Blockchain, Inc. (OTC: BULT) (“Bullet Blockchain” or the “Company”), the only U.S. company holding foundational patents for Bitcoin ATMs and one of only three publicly traded Bitcoin ATM network owner/operators, today announced the planned commencement of pilot installations in key locations for its cutting-edge cybersecurity solution in partnership with Silo Technologies.
Combating the Surge in Bitcoin ATM Fraud
As cryptocurrency adoption increases, so do security risks. The FBI recently reported a 200% rise in crypto ATM fraud over the past two years, with scams including impersonation, QR code hijacking, and ATM terminal tampering. These vulnerabilities have led to millions of dollars in consumer losses, prompting urgent calls for stronger infrastructure protections.
FBI estimated 2023 losses from crypto ATM scams total nearly $115 million in the U.S., showing how serious this issue is. More than 4,300 complaints were filed in 2023 about crypto ATM scams, per the FBI.
Bullet Blockchain’s implementation of Silo Technologies’ cybersecurity platform directly addresses these threats by providing:
· Real-time threat detection for Bitcoin ATMs and crypto kiosks;
· Blockchain-verified encryption to secure transaction paths;
· Behavioral monitoring algorithms to flag suspicious activity.
Initially announced December 2024, this exclusive strategic partnership introduces a first-of-its-kind, cutting-edge cybersecurity solution for crypto wallets—designed to combat the growing threat of crypto wallet fraud in the rapidly expanding Bitcoin ATM industry. Sailo Technologies, a leader in cryptographic security, has partnered with Bullet Blockchain to integrate next-generation security solutions into Bitcoin ATMs. This collaboration aims to enhance security, prevent fraud, and create a seamless transaction experience for cryptocurrency users worldwide.
Silo Technologies Pilot Locations Announced
Bullet Blockchain is proud to announce the launch of its initial Silo Technologies’ cybersecurity platform pilot installations in:
· Atlanta, GA
· Miami, FL
These pilot deployments are part of BULT’s strategy to secure real-world digital finance touchpoints ahead of a nationwide rollout. The company will pilot test the Silo Technologies’ platform to validate real-time threat detection and system integrity, particularly in environments that mirror the security needs of Bitcoin ATM networks. Following successful testing, BULT plans to expand Silo Technologies’ deployment across the Bitcoin ATM industry, aiming to provide robust protection against fraud and digital asset compromise. Silo Technologies’ integration of blockchain with decentralized threat management sets a new standard in safeguarding both consumers and crypto infrastructure.
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