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Security is a priority in the cryptocurrency landscape. However, recent developments have left users of Atomic Wallet reeling, as reports of a staggering theft of digital assets have surfaced. Atomic Wallet’s developers are investigating this recent digital asset theft incident, which has seen over $35 million worth of cryptocurrency reportedly stolen from users’ wallets.
As a popular mobile and desktop crypto wallet, Atomic Wallet provides a convenient platform for storing a wide range of cryptocurrencies, catering to users across various operating systems.
Atomic Wallet announced via Twitter on June 3 about receiving reports of compromised wallets, quickly initiating an investigation.
The team at Atomic Wallet collaborated with esteemed third-party security firms to delve deeper into the incident and prevent the stolen funds from being illicitly traded on exchanges.
In a recent tweet, the developers provided an update on the ongoing investigation, emphasising their concerted efforts in identifying potential attack vectors. While no definitive conclusions have been reached thus far, the dedicated support team is diligently gathering victim addresses and contacting major blockchain companies to track and block the stolen funds.
Amidst growing concerns over the breach, the developers have taken prompt action by disabling their download server, ‘get.atomicwallet.io,’ a move likely motivated by the suspicion that their software had been compromised and to mitigate any further spread of potential breaches.
In uncovering the full extent of the incident, blockchain investigators have diligently tracked the transactions associated with funds stolen from victims. Findings reveal that the compromised wallets have resulted in a staggering theft of over $35 million worth of various cryptocurrencies, including Bitcoin, ETH, Tron, BSC, ADA, Ripple, Polkadot, Cosmos, Algo, Avax, XLM, LTC, and Doge.
Moreover, it showed that additional transactions propelled the total stolen amount beyond the initial estimate, highlighting the magnitude of this security breach.
The Atomic Wallet community took their frustrations to Twitter and the developer’s Telegram channel to report instances of cryptocurrency theft from their wallets.
In response, the crypto platform has launched an initiative to gather crucial information from the affected victims. Users are asked to provide details such as their operating system, the source of their software download, their activities leading up to the theft, and the storage location of their backup phrase. A dedicated Google Docs form has been created to facilitate the submission of this information.
The reports vary, with some users claiming that their crypto was stolen following a recent software update, while others maintain that they never performed any updates yet still fell victim to the theft.
As the developers continue to investigate, cautionary advice has been issued, urging users to transfer their cryptocurrency assets to alternative wallets as a precautionary measure. While the security researchers reached out to Atomic Wallet for more details, a response from the developers is currently unavailable.
