Atomic Wallet, a non-custodial decentralized cryptocurrency wallet, has suffered a hack that has affected thousands of its customers. The hack has resulted in a loss of at least $35 million worth of cryptocurrency, with some users reporting losses in six-figure amounts.
We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly.
For any questions and concerns, contact [email protected]
— Atomic – Crypto Wallet (@AtomicWallet) June 3, 2023
The largest victim of the hack reportedly lost nearly $2.8 million worth of Tether (USDT). The developers of Atomic Wallet are currently investigating these reports of widespread theft of cryptocurrency from users’ wallets. While the team has notified users via Twitter that they are looking into the issue, no official updates have been provided at the moment.
The Crypto Hack
After the attack, several problems have been reported by the users such as missing tokens, deleted transaction records, and emptied cryptocurrency portfolios. The source of the attack is still unknown to Atomic Wallet, but they are working closely with leading security firms and blockchain analytics companies to investigate the matter and prevent the stolen assets from being utilized. To aid in the investigation, the company has asked the victims to provide information about their internet service providers, VPN usage, and seed phrase storage.
The Atomic Wallet hack that occurred recently has had a substantial impact on its users. Many of them have reported losing their funds in the past as well and have alleged that the provider didn’t provide any assistance. ZachXBT, a renowned crypto investigator, has received numerous messages from affected Atomic users. A blockchain analyst with an anonymous identity conducted further investigation, which revealed that over $35 million worth of funds had been stolen as of Sunday.
The Compensation Plan
Atomic Wallet is a Crypto wallet that operates in a decentralized and non-custodial manner, giving users full control over their assets and private keys. However, it’s important to note that the wallet’s Terms of Service do not hold any liability for damages that may occur on the blockchain and affect users. Regrettably, some users have suffered significant losses in cryptocurrency assets due to such damages.
The process of compensating affected users of Atomic Wallet is currently unclear, and there is no clear strategy to resolve the issue. It is imperative for users to remain vigilant and take preventive steps to protect their digital currency assets during the ongoing investigation.