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.