Atomic Wallet Has Gone Through An Exploit- Users Have Reported Loss Of Portfolios

Atomic Wallet

In a recent bulletin report, Atomic Wallet has been exploited, with the users reporting complete losses of their crypto portfolios. For those wondering, Atomic is a non-custodial decentralized wallet, which implies that the users are utterly responsible for the assets that they store in the application. The Atomic’s team mentioned in a 3rd June tweet that they had received multiple reports of the wallets being compromised. Nevertheless, they had been doing all that they could to investigate, as well as analyze this situation. When they would be able to procure more information, they would be sharing it accordingly. 

Atomic Wallet Has Been Exploited Once More

Several users of the Atomic Wallet have already commented on the post about their losses, claiming that the funds have been completely wiped from the digital wallet app. ZachBTX, an on-chain sleuth, which is known for tracing funds that have been stolen, and assisting in hacked projects, has also taken part in the investigation.

The users on Twitter have also reported that the funds on the wallet app had been stolen in the past as well. One user wrote that this had happened to their BTC 6 months ago as well. This attack has joined a list of crypto hacks that seem to be taking place every single week. On the 28th of May, the decentralized finance app Jimbo’s Protocol was exploited, which resulted in a loss of around 4,000 Ether, which had a worth of $7.5 million. 

Another hack, alongside Atomic Wallet, took place in Tornado Cash, a decentralized mixer. On 20th May, an attacker was successfully granted 1.2 million votes to a malicious proposal that allowed them to gain complete control of the governance of the protocol. The hackers had stolen an estimated $3.8 billion the previous year, mainly through North Korea- linked attackers that were exploiting the DeFi protocols, according to a Chainlysis report.