Atomic Wallet hack losses top $35M, on-chain sleuth reports

At least $35 million worth of crypto possessions have actually been taken from Atomic Wallet users because June 2, according to an analysis from on-chain sleuth ZachXBT. The five biggest losses represent $17 million.According to Atomic Wallet on Twitter, the reason for the attack is being investigated. Reports have surfaced of tokens being lost, deal histories being eliminated, and even whole crypto portfolios being stolen.An independent investigation performed by pseudonymous Twitter ZachXBT, understood for tracing crypto taken funds and helping hacked projects, has actually found the largest victim lost $7.95 million in Tether (USDT). “Think it could exceed $50m. Keep finding more and more victims, regretfully,” commented ZachXBT.Screenshot: ZachXBTs examination into Atomic Wallets hack. Source: ZachXBT on Twitter.Atomic Wallet claims to have over 5 million users around the world. Cointelegraph spoke with a veteran Atomics customer who is now a victim of the security breach. “I felt dreadful because I am a cybersecurity specialist by profession,” said Emre, a Turkish resident who lost almost $1 million in crypto properties gotten from bug bounty programs. His taken tokens include Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), USDT, USD Coin (USDC), Binance Coin (BNB), and Polygon (MATIC). “They state theyre checking out it, however they dont have anything concrete yet,” Emre continued. The funds held at Atomic Wallet were destined for the facility of a cybersecurity firm in Turkey.Atomic is a noncustodial-decentralized wallet, meaning users are accountable for properties saved in the application. As normal, its Terms of Service do decline any liability for on-chain damages suffered by users. “Under no situations will Atomic Wallet be responsible to you for damages occurring out of the services surpassing $50,” says one excerpt.Update: The investigation is still ongoing in a joint effort with the prominent security companies. The group is dealing with possible attack vectors. Nothing yet confirmed.Support team is gathering victim addresses. Connected to major exchanges and blockchain analytics business …– Atomic – Crypto Wallet (@AtomicWallet) June 4, 2023

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There has actually been little info provided by Atomic Wallet to users so far. Reached out to major exchanges and blockchain analytics companies to trace and obstruct the stolen funds,” Atomics team stated in a tweet from June 4– its second official communication.Those calling Atomic have been asked to answer over 20 questions about web service providers, usage of virtual private networks (VPNs), and storage of seed phrases. The attack signs up with a growing list of crypto hacks.

At least $35 million worth of crypto properties have been stolen from Atomic Wallet users because June 2, according to an analysis from on-chain sleuth ZachXBT. Keep finding more and more victims, unfortunately,” commented ZachXBT.Screenshot: ZachXBTs examination into Atomic Wallets hack. The funds held at Atomic Wallet were destined for the facility of a cybersecurity company in Turkey.Atomic is a noncustodial-decentralized wallet, suggesting users are responsible for possessions saved in the application. Reached out to significant exchanges and blockchain analytics business …– Atomic – Crypto Wallet (@AtomicWallet) June 4, 2023