Atomic Wallet, a noncustodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. This unforeseen breach has sent shockwaves through the crypto community, as Atomic Wallet’s fundamental premise relies on users assuming full responsibility for storing their assets securely.
The losses from the Atomic Wallet heist have now skyrocketed to over $100 million, according to analysis conducted by Elliptic. This alarming figure highlights the severity of the attack, which compromised an estimated 5,500 crypto wallets.
Despite the magnitude of the incident, Atomic Wallet has yet to provide any explanation regarding the root cause of these substantial losses. This has led to mounting concerns from frustrated users who anxiously await clarification and reassurance from the company. Meanwhile, at the time of publication, the company’s last update on Twitter was on June 7.
Frustrated Atomic Wallet users have taken to Twitter to express their annoyance at the way the company is handling the issue. Twitter user Ezra Carlson shared, tagging Atomic wallet, “why won’t AM give me a straight answer about why they didn’t warn me, knowing full well that they were being hacked, that it was not safe to use AM last week before I made a transfer to my wallet that was then hacked.”
@AtomicWallet why won’t AM give me a straight answer about why they didn’t warn me, knowing full well that they were being hacked, that it was not safe to use AM last week before I made a transfer to my wallet that was then hacked.
— Ezra Carlson (@ezziecarlson) June 13, 2023
Another user “RealDeal Crypto” called out Atomic Wallet for its lack of updates pertaining to the situation, saying “Your last update was five days ago – SERIOUSLY?!?!
@AtomicWallet Your last update was five days ago – SERIOUSLY?!?!
— RealDealCrypto (@hokiefan691S) June 13, 2023
On June 3, Atomic Wallet acknowledged reports of compromised wallets in a tweet but downplayed the impact, stating that “less than 1%” of their user base had been affected. However, the staggering sum of the losses suggests a significant breach.
At the moment less than 1% of our monthly active users have been affected/reported. Last drained transaction was confirmed over 40h ago.
Security investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds.
— Atomic – Crypto Wallet (@AtomicWallet) June 5,…
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