Atomic Wallet, a mobile and desktop crypto wallet which lets users store cryptocurrencies, has been hit by a security breach.
All in all, it looks like cyber criminals have stolen over $35 million in crypto assets from Atomic Wallet customers since June 2, 2023.
ZachXBT, an on-chain investigator, has been collecting transactions of funds stolen from Atomic Wallet victims and claimed that over $35 million in cryptocurrency has been stolen as a result of this compromise.
“A new largest victim was found on Tron with 7.95M USDT stolen. The five biggest losses account for $17M,” according to Twitter account, ZachXBT.
“My graph has now surpassed $35M in total stolen,” the tweet continued.
Update: A new largest victim was found on Tron with 7.95M USDT stolen,
The five biggest losses account for $17M.
My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL
— ZachXBT (@zachxbt) June 4, 2023
Last week, Atomic Wallet said that they had received reports of compromised wallets and had begun an investigation.
“We have received reports of wallets being compromised. We are doing all we can to investigate and analyze the situation. As we have more information, we will share it accordingly,” as per the company’s Twitter account.
“At the moment less than 1 per cent of our monthly active users have been affected/reported. Last drained transaction was confirmed over 40h ago,” said a more recent tweet by Atomic Wallet.
The security investigation is is apparently ongoing. The company also noted that it reported the victim’s addresses to major exchanges and blockchain analytics in order to enable tracing and blocking of the stolen funds.
A recent report showed that hackers stole over $400 million from crypto projects in 40 attacks in the first quarter (Q1) of 2023 in the US.
According to blockchain intelligence firm TRM Labs, the amount of funds lost in the first quarter was 70%, down from the same period in 2022.
