The hacker behind the $35 million attack on Atomic Wallet laundered half a million worth of crypto assets through popular crypto exchanges, including Binance and Huobi Global. According to data gathered by blockchain security firm PeckShield, the hackers transferred 191 ETH worth over $550,000 to the centralized crypto exchanges.
PeckShield took to Twitter earlier today to provide the latest update on the hack:
#PeckShieldAlert @zachxbt has uncovered a security breach in @AtomicWallet. In the latest update, it was revealed that over $35M worth of cryptos from various chains, including #BTC, #TORN, #Ethereum, and others were stolen.https://t.co/ylq2nA1Rcb
— PeckShieldAlert (@PeckShieldAlert) June 5, 2023
Exploiter 0xd290…30f, who… pic.twitter.com/YqH3FXffQT
The attack on the non-custodial decentralized Atomic Wallet, which occurred last week, led to the loss of more than $35 million in crypto assets, including Bitcoin (BTC), Tornado Cash (TORN), Ether (ETH), and USD Tether (USDT). On-chain sleuth ZachXBT’s investigation revealed that the largest victim was found on Tron, with a whopping 7.95 USDT stolen. The five largest losses accounted for over $17 million.
ZachXBT told his followers on Twitter that the extent of the hack spread across Bitcoin, ETH, BSC, ADA, Ripple, Polkadot, Cosmos, Algo, Avax, XLM, LTC, and DOGE. The crypto sleuth also warned his followers and Atomic’s victims to watch out for malicious Twitter profiling pretending to represent Atomic Wallet using fake refund links.
In an update provided earlier today, Atomic Wallet addressed the concerns surrounding its security and informed its users that less than 1% of the monthly active users had been affected by the multi-million dollar hack. According to Atomic’s data, the last transaction from the hacker was confirmed over 48 hours ago.
The hack on Atomic Wallet led to a 28% decline in the price of the Atomic Wallet Coin. At the time of writing, the token was trading at $0.15. In the aftermath of the hack, the token’s daily trading volume surged by a whopping 2100%. Meanwhile, its market capitalization declined by nearly $700,000.
A crypto influencer who goes by Crypto Newton on Twitter shared a report by security firm Least Authority which audited Atomic Wallet in 2022. The audit revealed that Atomic Wallet’s system did not sufficiently demonstrate security considerations, placing its users at significant risk.
