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- 1 Largest loss to a victim has been observed at over 2.8 million USDT.
- 2 As per ZachXBT’s investigation and analysis, some Twitter users have reported losses in over 6 figures in the attack.
As per Atomic Wallet’s tweet, it has been hacked and as a result, user funds have been compromised. Some victims got their entire balance drained.
It was confirmed that they received reports of wallets being compromised. As per ZachXBT’s investigation and analysis, some Twitter users reported losing over six figures in the attack.
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]
Atomic Wallet (AW) is a non-custodial blockchain wallet that utilizes the user’s cold storage for all the passwords and data stacked in the user’s device. It means that user’s own their backup phrase and all the private keys, and have full control over funds. AW has no access to the user’s wallet and their sensitive information.
A 12-word backup is the key to the user’s wallet. It has essential significance for keeping the funds safe. Private keys are stored in the user’s device and are strongly encrypted for security and safety.
The exchanges listed here deal within Ethereum (ETH), Bitcoin (BTC), Solana (SOL), Binance Coin (BNB), Polygon (Matic), Monero (XMR), Avalanche (AVAX), Litecoin (LTC).
It is important to note that Atomic Wallet enables its users to trade in over 1450 assets and amongst all, the volume of ERC20 is highest at its strength and TRC20 is in minority.
ZachXBT’s Investigation
According to ZachXBT, ‘somethings in the hack have been identified. The largest loss to a victim has been observed at over $2.8 Million.
Victims have messaged their transaction hash to the investigators to help them investigate better. The investigation is still on and the root cause is yet to be found.
Some things to note about this hack.
— ZachXBT (@zachxbt) June 3, 2023
Largest single victim I have observed is for 2.8M USDT. Multiple other losses for 6 figures across different chains.
Thanks to all of the victims who have messaged me their transaction hash. The root cause is still tbd. https://t.co/4sybXUrXBo pic.twitter.com/or2b3eMvIs
On-chain investigator ZachXBT, in the past, has managed to recognize the whereabouts of the stolen funds which were sent to subordinated authorities to make arrests. He requested for the transaction hash from an affected Atomic Wallet user.
As per atomicwallet.io website, Atomic Wallet is a trusted-decentralized wallet with over five million users.
As per Wu Blockchain’s tweet, ‘it was perhaps a supply chain attack, where the hackers meddled with the software source code on the server and left it then for ordinary users to download’
Bitcoin Status-Quo-Pro
As per the sources, BTC’s present market cap is $526,264,020,782 with a 24-hour volume around $8,445,506,327. The ratio percentage of volume/market cap stands at 1.6% approximately.
The current circulating supply of BTC is 19,392,350 BTC which is around 92.34% of the maximum supply 21,000,000 BTC. The fully diluted market cap is $570,189,560,119 of Bitcoin, at writing time.
At the time of writing, Bitcoin price is $27,151.88 USD with a 24-hour trading volume of $8,445,506,327 USD. Bitcoin is down by 0.14% in the last 24 hours.
BTC’s price performance in the last 24 hours showed a low of $26,958 and a high of $27,317.
Counting all-time high from Nov 10, 2021 it is $68,789.63 (-60.53%) whereas an all-time low from Jul 15, 2010 dipped till $0.04865 (+55814524.87%). The popularity in watchlists for BTC has gone to 4,016,043x.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
