Following the incident, Atomic Wallet and lone blockchain investigators have increased their efforts to find and return stolen funds.
On June 3, 2023, customers of Atomic Wallet had approximately $35 million worth of cryptocurrency stolen from them. A non-custodial wallet called Atomic Wallet enables individuals to hold and control their own cryptocurrency. Users on social media who claimed that money had been taken from their Atomic Wallet accounts as a result of the attack initially reported it.
In the wake of the incident, the organization has been tirelessly working with blockchain detectives to track down and retrieve the cash that were taken.
Regrettably, con artists exploited the circumstance by setting up verified fake Twitter profiles spoofing Atomic Wallet. These accounts disseminated phishing links while pretending to help people get their money back. In order to avoid falling for scammers, it acts as a warning for users to be watchful and cautious when handling such occurrences.
According to an investigation by on-chain detective ZachXBT, the hackers took a combined total of 100,000 ETH, 100,000 BTC, and 100,000 USDT. The identity of the hacker or hackers is yet unknown.
The security of non-custodial wallets has come under scrutiny as a result of the attack. Users of cryptocurrencies favor non-custodial wallets because they provide them more control over their money. However, because there is no outside entity to assist in recovering stolen funds, they also render users more susceptible to hacks.
Atomic Wallet has stated that they are striving to strengthen the security of their wallet in the wake of the hack. The business has also said that it will compensate customers who lost money as a result of the attack.
Despite Atomic Wallet’s announcement, numerous users were continuing to report loss of funds at the time of writing.
The breach of Atomic Wallet serves as a warning that cryptocurrencies are a risky and volatile investment. Users should only invest money they can afford to lose, and they should take precautions to protect it, like using two-factor authentication and strong passwords.
Here are some additional details about the hack:
- The hackers exploited a vulnerability in Atomic Wallet’s software to gain access to user accounts.
- The hackers were able to steal a wide variety of cryptocurrencies, including ETH, BTC, and USDT.
- The hackers have not yet been identified or apprehended.
- Atomic Wallet is working to improve the security of its wallet and compensate users who lost funds in the hack.
Here are some tips for protecting your cryptocurrency from hacks:
- Use strong passwords and two-factor authentication.
- Keep your cryptocurrency in a cold wallet.
- Only use reputable exchanges and wallets.
- Be careful about clicking on links in emails or on social media.
- Be aware of phishing scams.
If you think your cryptocurrency has been hacked, you should immediately contact your exchange or wallet provider. You should also file a report with the authorities
Over the weekend, on June 4, a hacker took control of the mobile phone owned by pro-XRP lawyer, John Deaton. Deaton’s Twitter account was then used to shill LAW tokens.