Crypto Opinions & News Atomic Wallet exploited; users report massive losses $35M+ stolen

[Ink]

Content source

https://cointelegraph.com/news/atomic-wallet-exploited-users-report-loss-of-entire-portfolios

Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.

"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," said Atomic's team on Twitter on June 3.

A number of users have commented on the post reporting losses, claiming funds were wiped out from their digital wallet app. On-chain sleuth ZachBTX, known for tracing stolen funds and assisting hacked projects, is taking part in the investigation. At the time of writing, it's unclear how the attack was carried out. Atomic claims to have over 5 million users.

Atomic Wallet stated that it has received reports of wallets being compromised and is making every effort to investigate and analyze the situation. SlowMist said that considering that the official website has just undergone a major version update, it may be a supply chain attack (hackers tamper with the software source code on the server for ordinary users to download).

 

[MuzzMelbourne]

How on earth do you steal funds from a non-custodial wallet, let alone multiple?

This is weird... must be an in-house job.

Well, its made my mind up, I'm buying a cold wallet.

 

[Ink]

Update from their official Twitter account.

Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed. Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies to trace and block the stolen funds. For additional instructions to anyone impacted, only contact via support@atomicwallet.io Please be aware of fake accounts!

Update: Just surpassed $14M worth of stolen funds on my graph across Bitcoin, ETH, Tron, BSC, ADA, Ripple, Polkadot, Cosmos, Algo, Avax, XLM, LTC and Doge. I would estimate $20m has been stolen at minimum.

Update: The new largest individual loss from this hack was just found at $3.5M (1897 ETH). The five biggest losses have accounted for $9.7M in total.

Update: A new largest victim was found on Tron with 7.95M USDT stolen, The five biggest losses account for $17M. My graph has now surpassed $35M in total stolen.

Source: Guest Post by crypto.news: Atomic Wallet hacked, users lose millions in crypto | CoinMarketCap

 

[vtqhtr413]

The notorious Lazarus Group, North Korean hacking organization, has once again made headlines with their involvement in the recent security breach of Atomic Wallet. This breach resulted in the staggering theft of over $35 million worth of cryptocurrency.

The trail of evidence leading to the Lazarus Group has been meticulously uncovered by Elliptic, a team of blockchain experts. Their analysis has shed light on the movement of stolen funds and the group's sophisticated laundering techniques.

The attack on Atomic Wallet unfolded over the weekend, leaving multiple users in despair as their wallets were compromised and funds vanished into thin air.

The scale of the losses quickly became apparent, with estimates by crypto-analyst ZachXBT indicating that the total amount stolen exceeded $35 million. Shockingly, one individual accounted for nearly 10% of the entire stolen sum.

The Atomic Wallet has been breached and all evidence points to the Lazarus Group - gHacks Tech News

The breach of Atomic Wallet and the loss of more than $35 million in cryptocurrency, have been unequivocally attributed to the Lazarus Group.

www.ghacks.net