Atomic Wallet team: 35 million dollars were stolen and less than 1% of users were affected; Uncertain cause!
The Atomic Wallet team and blockchain security companies are working to determine the root cause of the $35 million hack of this wallet, which has reportedly been more than 48 hours since the last theft.
To Report DeCrypt, the team behind the cryptocurrency wallet, announced today that “less than 1 percent of monthly active users were affected by the recent hack.”
AtomicWallet noted that the investigation is ongoing and its team is working with cryptocurrency exchanges and blockchain analytics companies to trace and freeze the stolen funds.
The team released a similar statement on Saturday saying that it will do its best to investigate and analyze the situation.
Joko, the anonymous founder of hardware wallet Bitbox and cryptocurrency podcaster, told Dcrypt.
The communication from the Atomic Vault team has definitely been awful.
He added:
The fact that Atomic Wallet has yet to warn users and ask them to withdraw their funds from this compromised wallet is not only incompetent, but biased.
AtomicWallet is not an open-source wallet, which means that not all code for its various sections is publicly available for review.
To said Open source wallets are more vulnerable to hacking attacks and copying than centralized wallets, the company said.
The details of the Atomic Wallet hack are still unclear
The root cause of the $35 million Atomic Wallet hack is still unknown. This can be worrisome; Because, more than 5 million users of this digital currency wallet may still be at risk of this vulnerability.
The first reports of the hack came after users noticed their assets stolen after logging into their mobile app. According to a thread on Reddit, it appears that some users’ assets were also stolen while their wallets were offline.
Blockchain security experts who work to help victims against hackers have also reported successfully recovering some of the released funds.
according to tweet ZachXBT, members of Jito Labs, have recovered $1 million of stolen funds from a user.
SlowMist, another blockchain security company, has identified hacker addresses by analyzing exploit transactions and compiling a list of victims.