According to Atomic Wallet, the recent hack that resulted in a $35 million loss for its users since June 2 only affected less than 1% of its monthly active user base. In response to the attack, Atomic Wallet, in collaboration with individual blockchain investigators, has intensified its efforts to track down and restore the stolen funds.
Exploiting the situation, several verified scam Twitter accounts impersonated Atomic Wallet and shared phishing links, falsely claiming to assist users in recovering their lost funds.
A pseudonymous on-chain researcher known as ZachXBT has also claimed to have aided a victim in recovering $1 million of their lost funds. However, the specific details of the recovery process have not been disclosed yet, with ZachXBT stating that it will be shared at a later time.
Despite Atomic Wallet’s statement, multiple users continue to report losses of funds. This has led to criticism from the community, as some users argue that the company is downplaying the extent of the damage. This incident emphasizes the importance of thoroughly researching and choosing reliable service providers when it comes to safeguarding crypto assets.
ZachXBT’s investigation revealed that the largest individual loss in the Atomic Wallet hack amounted to $7.95 million in USDT on the Tron blockchain. As of the latest update, the five largest losses combined account for $17 million.
Atomic Wallet Hack Shows the Need for Vigilance
As a crypto user, it’s important to be extra careful when you’re involved in blockchain or crypto transactions because there has been an increase in crypto hacks due to the growing popularity of cryptocurrencies. Hackers have become more sophisticated and they target both individuals like you and cryptocurrency exchanges. These hacks can result in significant financial losses and put your personal information at risk.
To protect yourself, you need to be vigilant and take strong security measures. Start by using secure and trustworthy cryptocurrency wallets. Make sure to enable two-factor authentication, which adds an extra layer of security. It’s also crucial to regularly update your software and firmware to stay protected against the latest threats.
Another important step is to be cautious when sharing personal information online. Be wary of phishing attempts, where scammers try to trick you into revealing sensitive details. Avoid clicking on suspicious links that might lead you to fraudulent websites.
