2023-06-04 12:03:45
Several users on Twitter have reported losing their crypto assets, claiming that their cryptos stored in the Atomic Wallet app have gone missing.
The systems of the crypto wallet provider Atomic Wallet have apparently been hacked, and users on Twitter have reported the complete loss of their crypto portfolios. Atomic is a non-custodial decentralized wallet, which means users are responsible for the digital assets stored in the app.
“We have received reports that several crypto wallets have been compromised. We will do our best to investigate and analyze the situation. As soon as we have more information, we will share it with the community.” – he announced the Atomic team on Twitter on June 3rd.
Several users commented on the post reporting the attack, claiming that crypto assets disappeared from their digital wallets. On-chain sleuth ZachBTX, known for tracking down stolen cryptoassets and investigating hacked projects, is also involved in the investigation. At the time of writing, it is not yet clear how the attack was carried out. Atomic’s crypto wallet has more than 5 million users.
This was not the first Atomic attack
Twitter users have also reported stealing crypto assets through Atomic Wallet in the past.
“This happened to BTC 6 months ago in the Atomic wallet. The company responded condescendingly, asking me to better protect my password, my seed phrase, blah blah blah… I told them it mightn’t be better protected than that! I only use Atomic for the exchange and then transfer the crypto. My answer to them is, I will never use them once more! Now I’m right!” wrote a user in response to the post.
The current attack joins a weekly growing list of hacker attacks. Decentralized finance (DeFi) application Jimbos Protocol was attacked on May 28, resulting in the loss of 4,000 Ether, worth regarding $7.5 million. Tornado Cash, a decentralized crypto mixer, was also recently hacked. On May 20, an attacker successfully cast 1.2 million votes on a malicious proposal, gaining complete control over the governance of the protocol.
A Chainalysis meaning According to Cryptohackers, an estimated $3.8 billion worth of cryptocurrency was stolen last year. These attacks were mainly linked to groups linked to North Korea and attacked DeFi protocols. Another analysis by TRM Labs reveals that the number of security incidents did not change in the first quarter of 2023, with the value of cryptoassets stolen in an average hacker attack falling to $10.5 million from nearly $30 million in the first quarter of 2022. Unfortunately, this slowdown is likely to be a temporary coup rather than a long-term trend, TRM Labs noted. They warned that some large-scale attacks might tip the scales once more.
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