Blockchain

Amidst Security breach : Atomic wallet loses $35 Million in cryptocurrency

ZachXBT has disclosed a necessary security compromise on Atomic wallet, a leading non custodial decentralized wallet. Several cryptocurrencies were targeted by a cyberpunk managing to steal more than $35 million across different chains, according to ZachXBT’s

ZachXBT, during his tweets noted the detection of a new victim on the Tron blockchain with a massive loss of 7.95 million USDT tokens, making it the largest individual theft on Tron to date. The five biggest losses reported from this attack on Atomic Wallet accounted for $17 million.

However, it was glaring that the largest individual loss from the hack was a wallet stripped of $3.5 million, equivalent to 1897 ETH. The additional losses of the five biggest victims totaled a shocking $9.7 million. Also, the stolen funds have been traced across various blockchain tokens

These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), bnb coin (BNB) and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash, on-chain analytics cited by blockchain sleuth @ZachXBT showed.

He also explained more insights about the hack, exposing that apart from the largest single victim who lost 2.8M USDT, there have been different other victims suffering six-figure losses across different chains. He appreciated the victims who had reached out and shared their transaction hashes, putting that the reason for the secrutiy compromise is yet unknown..

 

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