Atomic Wallet exploited, users report loss of entire portfolios
Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.
"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," said Atomic's team on Twitter on June 3.
A number of users have commented on the post reporting losses, claiming funds were wiped out from their digital wallet app. On-chain sleuth ZachBTX, known for tracing stolen funds and assisting hacked projects, is taking part in the investigation. At the time of writing, it's unclear how the attack was carried out. Atomic claims to have over 5 million users.
God damn, All of my hard working money has been vanished from atomic wallet only!!!! This is your responsibility to secure the funds, What will happened to our funds? please do not copy paste anything here! just give all clear answer, Many users are faced with this today!!
Twitter users have also reported that funds on the Atomic Wallet app have been stolen in the past. "This happened to my BTC 6 months ago with Atomic. They simply replied back to protect your pw, seed phrase, blah blah... I told them NOT even possible! All I do is use U to exchange and then move crypto out. My response to them, I will use U no MORE then! Now I was right!," wrote a user in response to the post.
The attack joins a growing list of crypto hacks taking place every week. Decentralized Finance (DeFi) app Jimbos Protocol was exploited on May 28, resulting in a loss of 4,000 Ether worth around $7.5 million. Tornado Cash, a decentralized crypto
Read more on cointelegraph.com
