A major hack has hit Atomic Wallet, a decentralized non-custodial wallet, resulting in users losing significant amounts of cryptocurrency from their portfolios.
The hack came to light through reports in the crypto community on Twitter, where distressed users shared their accounts of losing all their funds. They called on the platform’s team to provide a clear and transparent explanation of the incident.
On June 3, the Atomic Wallet team responded on Twitter, acknowledging the compromised wallets and assuring users that they were actively investigating the situation. They pledged to share more information as it became available.
In response to the hack, ZachXBT, an on-chain investigator, has requested affected individuals to provide transaction hashes related to the stolen funds. Based on the information received so far, ZachXBT has confirmed that over $14 million has been stolen. However, the total amount stolen is estimated to be as high as $35 million.
The exploit has affected over 100 addresses and involves the theft of assets across various blockchain networks, including bitcoin (BTC), ethereum (ETH), tron (TRX), binance smart chain (BSC), and cardano (ADA), among others.
The illicit activities took place between June 2 and June 3. The largest reported individual loss is $7.95 million in USDT. According to ZachXBT, the combined total of the five most significant losses amounts to $17 million.
In a positive development, approximately $1 million has been successfully recovered, as disclosed by ZachXBT. He has assured the community that further details about the recovery process will be shared.
Unfortunately, some malicious actors have seized the opportunity to spread phishing links in comment sections, attempting to exploit unsuspecting victims.
ZachXBT has issued a warning, urging the community to remain vigilant and exercise caution when encountering such tweets.
