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Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.
The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service.
These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), BNB coin (BNB) and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash, on-chain analytics cited by blockchain sleuth ZachXBT showed.
STORY CONTINUES BELOW
Security audit company Least Authority warned in a blog post in 2022 that funds in Atomic Wallet may have been at risk.
Update: A new largest victim was found on Tron with 7.95M USDT stolen,
— ZachXBT (@zachxbt) June 4, 2023
The five biggest losses account for $17M.
My graph has now surpassed $35M in total stolen. pic.twitter.com/eqfXkm9vlL
In a tweet on Monday, Atomic Wallet said the impacted users represented “less than 1% of our monthly active users,” with the last drained transaction occurring on Saturday.
The firm previously said it was investigating and analyzing the attack. It had not released specifics of the attacks as of Monday morning.
Victims have been asked to submit information on a Google Docs form that Atomic Wallet is using to conduct its investigations.
Read more: Least Authority Discloses Security Risks in Atomic Wallet
Several users report that their crypto was stolen after a recent software update, while others say they were impacted despite not updating to the latest version, messages from Atomic Wallet’s official Telegram channel viewed by CoinDesk show.
UPDATE (June 5, 2023, 20:50 UTC): Adds context about Least Authority warning.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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