Users have apparently reported total losses of their cryptocurrency portfolios due to an exploit of Atomic Wallet.Since Atomic is a noncustodial decentralized wallet, users are in charge of whatever assets they store there. “We have heard stories of hacked wallets. We are making every effort to look into and evaluate the situation.The Atomic team said in a tweet on June 3 that “we will share it appropriately as we have more information.”Several users have left comments on the page alleging losses and that the digital wallet app has been wiped clean of all monies. Participating in the probe is on-chain investigator ZachBTX, who is renowned for tracking down stolen money and supporting compromised companies.It’s unclear how the attack was carried out as of this writing. Atomic states that it has more than 5 million users. Additionally, Twitter users have stated that money has already been taken from the Atomic Wallet app.“This occurred to my BTC with Atomic six months ago.They only responded with “protect your pw,” “seed phrase,” etc. It’s not even feasible, I informed them.I merely exchange using U, then send cryptocurrency outside. I told them I wouldn’t use “U” any more after that.One user commented on the post with the words “Now I was right! “.The attack is the latest in a long line of weekly cryptocurrency attacks.Jimbos Protocol, a decentralized finance (DeFi) program, was attacked on May 28. As a result, 4,000 Ether, or around $7.5 million, were lost.a decentralized cryptocurrency mixer called Tornado Cash. According to a Chainalysis research, crypto hackers stole an estimated $3.8 billion last year, mostly through North Korea-affiliated attackers who took advantage of DeFi protocols.Although there were the same number of incidents in Q1 2023, according to another report from TRM Labs, the average hack size decreased to $10.5 million from almost $30 million in Q1 2022.TRM Labs stated, “Unfortunately, this slowdown is most likely a temporary reprieve rather than a long-term trend,” and cautioned that only a few significant attacks would be needed to tilt the scales once more.

The CEO of Uniswap Labs and the inventor of the Uniswap protocol, Hayden Adams, recently tweeted his amazement at a fraud involving a bogus Uniswap website. Adams expressed his surprise at the elaborateness of the fraud in a tweet, highlighting the fact that it took a lot of work.He added that the con artists had links on their false website that led users to the authentic Uniswap app as well as Chinese community information integrated into their plan. The con artists went to considerable measures to produce an hour-long Zoom recording featuring people posing as senior officials from Uniswap in order to give their scheme an added degree of authenticity.The purpose of this carefully crafted video presentation was to trick viewers into thinking the swindle was real. Adams acknowledged his perplexity after watching the footage by saying, “footage is weird.I’m not familiar with any of those people. Adams clarified that neither Uniswap nor the Uniswap Foundation had any affiliation or involvement with the disputed video or the people who participated in it, clearing up any misunderstandings. According to Crypto Twitter, the fraud may be centered around a video showing individuals in Shenzhen, China, marketing the Uniswap coin.According to reports, the video had titles like “The first Uniswap Asian Summit” and “Guest: CEO of Uniswap.” Adams and his group have been working to stop the swindle and lessen its effects.Their actions include deleting the domain that was utilized to build the fake website. In response to Adams’ tweet on the incident, Roland, a Twitter user, expressed his surprise. He claimed to not be familiar with such an event despite living close to Shenzhen and surmised that it might have been planned covertly because of China’s strict cryptocurrency laws. In 2018, the People’s Bank of China outlawed the operation of cryptocurrency exchanges in the nation on the grounds that they supported public financing without authorization.Since September 2021, China has outlawed all cryptocurrency transactions.

Celsius Network, a troubled cryptocurrency lender, is altering its ETH staking technique, adding to the already lengthy wait time for new validators to be activated on the Ethereum network.  Over the course of two days, the firm has been diligently moving ETH into staking contracts after redeeming some $813 million of

A Seychelles based cryptocurrency exchange Huobi could receive crypto trading licence in Hong Kong within the span of six to twelve months, Huobi

Crypto assets should be managed as securities by default, and the independent body that govern decentralized finance (DeFi) should be granted legal status, in

Lamar Olive Oil has issued an on-chain bond using Obligate in a first for the sustainable-agriculture industry, the Switzerland-based decentralized finance (DeFi) platform

Venture capital company Tribe Capital, has introduced a new crypto fund and is targeting a $100 million raise for the fund. San Francisco-based

Transak a web3 payment startup has raised $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation

Tether – the issuer of stablecoin USDT – has invested in an energy production and sustainable bitcoin (BTC) mining facility in Uruguay, the company announced

Japan-headquartered crypto exchange bitFlyer is implementing tough anti-money laundering measures in line with global financial crime watchdog FATF’s “Travel Rule” for information sharing

The Reserve Bank of India (RBI) is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and

Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and

Dogecoin (DOGE), the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin (BTC) and

Fantom blockchain will reward projects that utilize its network and contribute toward high usage of gas fees in a bid to drive increased

Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry. The “Web3 Innovation and Development White Paper”

Patricia — a Nigerian gift card and crypto trading platform — has encountered a security breach, prompting immediate measures to safeguard its users. As a precautionary

The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the

Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a

Lybra Finance, a protocol built on liquid staking derivatives that aims to provide a decentralized interest-bearing stablecoin, has seen its total value locked

Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum.

A former executive of South Korean cryptocurrency exchange Coinone, who was accused of taking bribes in return for listing certain coins, has acknowledged

Millions of AVAX tokens – the native crypto of the Avalanche blockchain will be unlocked on Sunday and distributed to key players in that ecosystem,

Gulf Binance, a joint venture between crypto exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has received a digital asset operator license