Atomic Wallet Hacked: Massive $35 Million Cryptocurrency Heist Rocks Multiple Blockchains

Atomic Wallet Hacked: Massive $35 Million Cryptocurrency Heist Rocks Multiple Blockchains

Altcoin news, News

Atomic Wallet, a provider of multichain crypto wallet services, has reportedly experienced a breach that resulted in the theft of approximately $35 million across multiple blockchain networks. The incident came to light when users on Crypto Twitter expressed their worries about missing funds from their wallets. On-chain investigator ZachXBT took notice of the reports and initiated an investigation.

According to ZachXBT’s findings, the stolen funds belonged to over 100 wallet addresses, and the assets were taken from various chains, including Bitcoin, Ethereum, Tron, BSC, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Litecoin, and Dogecoin.

The theft occurred between June 2 and June 3, with the largest individual loss amounting to $7.95 million in USDT. The combined losses of the top five victims reached $17 million.

Based on data provided by affected users, ZachXBT has been actively tracking the stolen funds and has identified at least $14 million. However, it is suspected that the total stolen funds could be significantly higher, potentially surpassing $50 million, as more victims come forward.

Exploiting the situation, phishing scammers have started posting fake Atomic Wallet refund tweets to deceive desperate victims. ZachXBT has cautioned the community to remain vigilant and not fall for these malicious schemes.

Atomic Wallet Hacked: Massive $35 Million Cryptocurrency Heist Rocks Multiple Blockchains

Atomic Wallet has not yet issued an official confirmation or denial of the reports but has assured that they are investigating and analyzing the situation. They have promised to release further information soon. Nonetheless, due to the lack of information and ongoing concerns, many users have transferred their assets to other wallet service providers. Atomic Wallet claims to have approximately 5 million users, according to their website.

A theory suggested by blockchain security firm SlowMist proposes that the incident may have been a result of a supply chain attack. This speculation arises from recent updates made to Atomic’s official website, leading to suspicions that a hacker could have tampered with the software source code on the server, which users download.

The community’s response to the incident has been mixed. Some users have criticized Atomic Wallet’s security measures, with one community member named Tay stating that Atomic’s “security posture sucks” and accusing the company of suppressing those who raise concerns about their products and services facilitating theft.

ZachXBT advises anyone who is still using Atomic Wallet to transfer their funds to another wallet until the situation is resolved.

Compiled by Coinbold

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