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Atomic Wallet users lost over $35 million in the latest hack

Deepanker Verma June 5, 2023 Cryptocurrency, Security

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Hackers recently exploited the vulnerability in the Atomic Wallet system and stole crypto from several users’ wallets. On June 3, the company tweeted to acknowledge the multiple incidents where users lost their portfolios. Now, the company is investigating the issue and has yet to confirm what’s happening. To prevent further breaches, the company has taken down its download server.

God damn, All of my hard working money has been vanished from atomic wallet only!!!! This is your responsibility to secure the funds, What will happened to our funds? please do not copy paste anything here! just give all clear answer, Many users are faced with this today!!
— Tom (@Christomos03) June 3, 2023

Several users reported that funds from their Atomic Wallet app suddenly disappeared. On-chain sleuth ZachXBT, known for tracing stolen funds, did further investigation and claims that over $35 million in crypto has been stolen

BleepingComputer reported that Atomic Wallet is now collecting additional information from victims for further investigation. Victims are asked to submit this information on a Google Form.

Users are clueless about how they lost their portfolios. The company also has no explanation. So, it is unclear how hackers compromised the system. Users are advised to transfer their crypto assets to other wallets.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.