#ATOMIC CRYPTO WALLET UPDATE#
#ATOMIC CRYPTO WALLET SOFTWARE#
#ATOMIC CRYPTO WALLET CODE#
#ATOMIC CRYPTO WALLET PASSWORD#

Many expect that Atomic will be able to return funds to its customers, just as Trust Wallet did in an old hack that resulted in the loss of $170,000 for wallet users. Those who got screwed, as always, are the retail investors.

#ATOMIC CRYPTO WALLET SOFTWARE#

It is undeniable to think that if an individual decides to store crypto-assets in a decentralized non-custodial wallet, with closed source software owned by a company, he or she expects top security controls to be in place to prevent such attacks. The community is loudly asking Atomic Wallet to take responsibility and compensate users for the losses caused by their bugs and security problems. It is your responsibility to return my stolen crypto.- Juan E.

#ATOMIC CRYPTO WALLET PASSWORD#

Atomic Wallet is at fault because I did not share any credential or password with anyone. In addition, there seems to have been conflicting information about some of the team’s statements, which at first claimed that the attack had involved 1% of the community, while now the threshold has been lowered to 0.1%.

Rightfully, Atomic’s customers are demanding more explanation, given and considering that the wallet software offered by the company was supposed to be an effective and highly secure tool for storing cryptocurrencies.

Nearly 3 weeks later, the company that runs the software for the wallet, in addition to failing to recover the funds, has also been unable to identify with certainty what led to the incident. Builds are verified… /YTcOFpo3M3- Atomic – Crypto Wallet JAtomic Wallet community is enraged: demands to be compensated for stolen cryptocurrenciesĭespite the kind words spent by the Atomic Wallet team to explain what happened in the 3-4 June cryptocurrency theft, the community lashed out on Twitter to attack their actions and their inability to protect customer assets. None of the possible issues are confirmed as potentially causing massive breaches, at least in the latest app versions. Since then, no new cases have been reported. To summarise, less than 0.1% of Atomic app users have been affected. The attack appears to be over, as no new cyberattacks have occurred, at least according to the company’s statement. It was estimated that the attack on 3-4 June affected a small number of users, amounting to 0.1% of the entire community. In addition, it was stated that no entity within the Atomic Wallet team had access to information regarding seed phrases or data of their customers, suggesting that an insider hit was disproved.

#ATOMIC CRYPTO WALLET UPDATE#

We will update the community when there are more details on this front, and we ask for your patience.” “The next step will be working on a legal framework for seizing frozen deposits and distributing them among affected users. These are some of the words published within the post to define what the next steps will be: While there are still no firm revelations about the method used by the hackers and the recovery of the stolen funds, the team managing the wallet is reportedly working tirelessly with various ecosystems in the Web3 world and with law enforcement authorities to ferret out the identities of the criminals.

#ATOMIC CRYPTO WALLET CODE#

In researching the root cause of the incident, the Atomic Wallet team identified what could be the most likely ones, namely virus targeting on local users’ devices, infrastructure breach, malware code injection or a man-in-the-middle attack. The blog post explains that the team of the software wallet, following the incident, alerted all major blockchain analytics companies such as Chainalysis and Crystal, as well as alerting major exchanges, to prevent the sale of such coins and conversion to fiat currency. The attack caused $100 million in cryptocurrency losses to the community, and now Atomic Wallet seeks to summarize how the investigation is proceeding to recover the stolen capital. Over the weekend between 3 and 4 June, many users of the wallet reported that they were robbed through outbound transactions not approved by their own, likely executed by North Korean hackers from the Lazarus Group. On 20 June, the team at Atomic Wallet, a software version of a cryptocurrency wallet, issued an official statement via blog post to update the community about the hard hit suffered in the hack a few weeks ago. Update on the cryptocurrency theft at Atomic Wallet Atomic Wallet community is enraged: demands to be compensated for stolen cryptocurrencies.Update on the cryptocurrency theft at Atomic Wallet.

Atomic crypto wallet