Recently, Atomic Wallet, a decentralized cryptocurrency wallet, experienced an incredible attack, causing users to report losing their entire investment portfolios. This is an unforeseen breach that has caused an uproar in the crypto community, as Atomic Wallet relies on users to securely store assets themselves.
According to Elliptic analysis, the damage from the Atomic Wallet hack has increased to more than 100 million USD. This number highlights the severity of the attack, which is estimated to have affected around 5,500 crypto wallets.
Despite the dire situation, Atomic Wallet has yet to provide an explanation for the root cause of these massive losses. This silence has raised concerns among frustrated users who are expecting clarifications and assurances from the company. Notably, the last update from Atomic Wallet on Twitter was on June 7th.
Users of Atomic wallets have expressed their frustration on Twitter at the way the company has handled the issue. Twitter user Ezra Carlson tagged Atomic Wallet and shared: “Why didn’t Atomic Wallet answer frankly about why they didn’t warn me, knew they were being hacked, and that Atomic wallet usage Wallet last week was not secure? I did a transfer to my wallet and then it got hacked.”
On June 3, Atomic Wallet acknowledged the breach of their wallet in a tweet, but the company underestimated the impact, saying only that “less than 1%” of its users were affected. . However, the overall level of damage highlights the significant breach that occurred
According to Elliptic, the Atomic Wallet hack was linked to the Lazarus Group, a notorious cyberattack group. Lazarus Group has been found responsible for stealing over $2 billion in crypto assets through various hacks.
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