Atomic Wallet has joined the growing list of hack incidents in crypto and DeFi protocols this year. On June 3, several Atomic Wallet users reported that their entire portfolio vanished from the app with transaction history erased.
Then in a June 5 report, Blockchain analytic firm Elliptic disclosed that its team traced the funds from the $35 million Atomic Wallet hack to currency mixer Sinbad.io. The firm claimed that Lazarus Group used the same platform to launder over $100 million in stolen crypto assets.
Atomic Wallet Team Confirms Hack Of User Accounts
The Atomic Wallet team confirmed that hackers had hijacked their app and that investigations were ongoing to reveal what happened and analyze the situation. According to reports, the team engaged the services of on-chain sleuths and analytics firms to trace the funds.
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Later on, on-chain sleuth ZachXBT, who has helped resolve several hack incidents, reported that the Atomic Wallet hackers have, so far, stolen over $35 million in crypto assets from users.
ZachXBT’s investigation revealed that one victim lost $7.95 million in USDT, which is the highest so far. The tracker noted that the five-largest losses account for $17 million and could surpass $50 million going…
