coinedition.com
In a devastating blow to the crypto community, Atomic Wallet, a popular multi-currency wallet, has fallen victim to one of the largest ever hacks in crypto, sending shockwaves through the industry and raising concerns about the security of DeFi platforms.
According to ZachXBT, an on-chain detective closely monitoring the aftermath of the hack, the stolen funds have surpassed $35 million. The hacker(s) targeted multiple cryptocurrencies, including Bitcoin, Ethereum, Tron, Binance Smart Chain, ADA, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Stellar, Litecoin, and Dogecoin.
Update: A new largest victim was found on Tron with 7.95M USDT stolen,
— ZachXBT (@zachxbt) June 4, 2023
The five biggest losses account for $17M.
My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL
The worst-hit individual victim reported by ZachXBT suffered a loss of nearly eight million USDT on the Tron network. Similarly, numerous other victims have experienced significant six-figure losses across different blockchain networks.
Atomic Wallet took to Twitter to address the situation, stating that it had received reports of compromised wallets and was actively investigating the matter. The company assured its users that it was doing everything possible to analyze the situation and would provide further updates.
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.
— Atomic – Crypto Wallet (@AtomicWallet) June 3, 2023
For any questions and concerns, contact [email protected]
At the time of the announcement, the firm claimed less than 1% of the wallet’s monthly active users had reported being affected. The crypto community has rallied around the victims, with many sharing their transaction hashes with ZachXBT to aid the investigation.
However, scammers have wasted no time exploiting the situation, with phishing scammers already spamming fake Atomic Wallet refund tweets on Twitter to prey on desperate victims.
The severity of this hack has prompted the Head of Research at Uphold Exchange to describe the incident as “one of the biggest hacks in the history of crypto.” The researcher highlighted the need to prioritize cybersecurity and advocated for responsible and transparent platforms which offer around-the-clock cybersecurity operations.