Atomic Wallet hacked: More than $35 million worth of cryptocurrency stolen
Atomic Wallet hacked: More than $35 million worth of cryptocurrency stolen
Atomic Wallet hacked: More than $35 million worth of cryptocurrency stolen
The developers of Atomic Wallet are investigating reports of a massive theft of cryptocurrencies from user wallets, with more than $35 million said to have been stolen.
Atomic Wallet is a mobile and desktop cryptocurrency wallet that allows users to store various cryptocurrencies. The wallet is available on multiple operating systems including Windows, Android, iOS, macOS, and Linux.
On June 3, Atomic Wallet tweeted that they had received reports of the wallet being compromised and had begun investigating the issue.
“We have received reports of wallets being compromised. We are investigating and analyzing the situation to the best of our ability. When we have more information, we will share accordingly,” Atomic Wallet said on Twitter.
A tweet published today said they are now working with third-party security firms to investigate the incident and prevent the stolen funds from being sold on exchanges.
“Update: The investigation is still ongoing in a joint effort with leading security companies. The team is working on possible attack vectors,” the developer said on Twitter today.
“Not yet confirmed. Support team is collecting victim addresses. Liaising with major exchanges and blockchain analysis firms to track and stop stolen funds.”
Atomic Wallet official tweet
The developers have since shut down their download server, ‘get.atomicwallet.io’, possibly out of fear of their software being compromised and to prevent the spread of further compromises.
ZachXBT, which has been collecting stolen funds from Atomic Wallet victims, said more than $35 million in cryptocurrency was stolen as a result of the hack. ZachXBT explained: “Just over $14 million worth of stolen funds on my chart involving Bitcoin, ETH, Tron, BSC, ADA, Ripple, Polkadot, Cosmos, Algo, Avax, XLM, LTC and Doge .”
According to cryptocurrency security research Tay, the earliest transaction of the stolen Atomic Wallet assets was at 21:45 UTC on Friday, June 2.
On Saturday morning, Atomic Wallet users began reporting on Twitter and the developer’s Telegram channel that their Atomic Wallet wallets had their cryptocurrencies stolen.
Atomic Wallet is now collecting information on victims, asking them what operating system they are using, where they downloaded the software, what they were doing before their passwords were stolen, and where their backup phrases are stored.
Victims were also asked to submit this information, and more, on a Google Docs form created to investigate the incident.
While some users reported that their passwords were stolen after the most recent software update, others reported that they never did the update and their passwords were still stolen.
Currently, it is unclear how the breach occurred, but users are advised to move their crypto assets to other wallets while the developer investigates the security incident.
BleepingComputer reached out to Atomic Wallet with questions about the attack, but did not receive an immediate response.
What is Atomic Wallet?
Atomic Wallet is a cryptocurrency wallet that provides users with a secure and decentralized way to manage, exchange, and stake their digital assets. It is designed to be a user-friendly, all-in-one solution for cryptocurrency enthusiasts.
Atomic Wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. It allows users to securely store their digital assets in a non-custodial manner, meaning that users have complete control over their private keys and funds.
One of the notable features of Atomic Wallet is its built-in atomic swap functionality. Atomic swaps enable users to directly exchange one cryptocurrency for another without the need for a centralized exchange.
This feature promotes decentralization and eliminates the need to trust a third party with your funds during the exchange process.
Additionally, Atomic Wallet provides a user-friendly interface for managing and tracking cryptocurrency portfolios.
Users can view their balances, transaction history, and portfolio performance in a convenient manner.
The wallet also supports staking for certain cryptocurrencies, allowing users to earn rewards by participating in the network’s proof-of-stake consensus mechanism.
Atomic Wallet is available as a desktop application for Windows, macOS, and Linux, as well as a mobile app for iOS and Android devices.
It aims to offer a secure and convenient solution for cryptocurrency users to manage their assets, exchange cryptocurrencies, and participate in various blockchain networks.
