Developers investigate compromised wallets and collaborate with security companies to trace stolen funds.
The developers of Atomic Wallet, a popular mobile and desktop crypto wallet, are currently investigating a significant security breach that has resulted in the theft of over $35 million in cryptocurrencies from users’ wallets. Reports of compromised wallets began emerging on June 3rd, prompting the developers to take immediate action.
Investigation in Progress: Atomic Wallet Collaborates with Security Companies
In response to the reports, Atomic Wallet took to Twitter to acknowledge the situation and reassure users that they are actively investigating the security breach. The team expressed their commitment to providing updates as more information becomes available. They also announced that they are working in collaboration with leading security companies to analyze the incident and prevent the stolen funds from being sold on exchanges.
Download Server Temporarily Taken Down
As part of their investigation, the developers made the decision to temporarily take down their download server, ‘get.atomicwallet.io.’ This action was taken to mitigate the potential spread of compromises and assess the extent of the breach. By analyzing the attack vectors, the team aims to strengthen their security measures and protect their users’ funds.
Tracing Stolen Funds: Collaboration with Exchanges and Analytics Companies
To block the movement of the stolen funds, Atomic Wallet has reached out to major exchanges and blockchain analytics companies. Their goal is to trace the stolen assets and prevent them from being cashed out or transferred further. By working closely with these entities, Atomic Wallet aims to minimize the impact of the theft and hold the perpetrators accountable.
ZachXBT Reports Over $35 Million Stolen
Blockchain sleuth ZachXBT, who has been monitoring the transactions associated with the Atomic Wallet theft, revealed that the stolen funds amount to over $35 million. The compromised assets include Bitcoin, Ethereum, Tron, Binance Smart Chain, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Stellar, Litecoin, and Dogecoin. This significant loss highlights the severity of the security breach.
Users Share their Experiences and Submit Information
Users who fell victim to the theft have taken to social media platforms and the developer’s Telegram channel to report their losses. Some individuals claim that their cryptocurrency was stolen following a recent software update, while others state that they never performed an update but still experienced the theft. Atomic Wallet has requested affected users to provide information, including their operating system, the source of the software download, actions taken prior to the theft, and the location of their backup phrases. This data will assist in the investigation and help determine the attack vectors.
Advice for Users: Transfer Assets and Remain Vigilant
As the investigation unfolds, Atomic Wallet advises its users to transfer their crypto assets to alternative wallets as a precautionary measure. This will ensure the safety of their funds during the ongoing investigation. This incident serves as a reminder of the risks associated with cryptocurrency storage and management, emphasizing the need for users to remain vigilant and adopt robust security practices.
The Atomic Wallet theft underscores the ongoing importance of maintaining strong security measures in the cryptocurrency ecosystem. Users are urged to exercise caution, stay informed about potential vulnerabilities in their chosen wallet solutions, and follow best practices to safeguard their digital assets.
