On October 19th, Atomic Wallet announced its collaboration with blockchain intelligence companies Chainalysis and Crystal to identify and prevent threats.
Specifically, according to reports from Chainalysis and Crystal, “threat actors” associated with Atomic Wallet used sophisticated methods to link funds to the Bitcoin blockchain, including bridges and mixers. The report stated, “Most of the funds were transferred to the Tron blockchain and the Bitcoin network.” Immediately afterward, Atomic Wallet swiftly froze assets related to suspicious transactions.
“Atomic Wallet extends heartfelt thanks to centralized cryptocurrency exchanges for their timely cooperation in freezing assets related to suspicious transactions. Their quick response and collaboration played a crucial role in minimizing the impact of the incident on some users.”
– Excerpt from Atomic Wallet’s announcement
However, Atomic Wallet declined to provide detailed information about the cryptocurrency exchanges that cooperated with the wallet company and froze funds.
“We cannot share detailed information about the cryptocurrency exchanges where funds were frozen at this stage to maintain the integrity of the investigation. There is still no specific timeline for when additional information can be provided.”
– Spokesperson for Atomic Wallet
Notably, this news comes a few months after Atomic Wallet experienced a major hack in June 2023, resulting in the loss of millions of dollars in cryptocurrency assets. However, Atomic Wallet did not disclose the reasons behind the hack.
In August, a group of affected Atomic Wallet users reportedly filed a class-action lawsuit against the company, alleging that the company suffered a severe breach and incurred losses of $100 million.