Atomic Wallet Users Lose Over $100 Million In Crypto Breach
Digital asset tracking firm, Elliptic, has revealed that losses suffered by users of Atomic Wallet have escalated to more than $100 million.
It appears that over 5,500 wallets linked to this crypto storage platform have been compromised.
We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly.For any questions and concerns, contact [email protected]
Despite the magnitude of the breach, Atomic Wallet has yet to provide an explanation for the losses.
The company, which acknowledged the reports of compromised wallets via a June 3rd tweet, confirmed that fewer than 1% of its users were affected. This equates to about 5,000 users given the company's claim to have around five million clients. But, in the volatile realm of cryptocurrency, even such a small percentage can translate to significant monetary losses.
Elliptic, known for its advanced tracking and security analysis in the crypto space, has indicated that the Lazarus Group is behind this breach.
The Lazarus Group, which is allegedly connected to North Korea, has an infamous reputation in the crypto community, having stolen over $2 billion in digital assets across multiple attacks.
If the attribution stands, this will be the first major crypto theft linked to the group since the $100 million Horizon Bridge exploit in June 2022.
Since then, Elliptic has been working relentlessly to recover the stolen assets. Collaborating with numerous investigators and exchanges worldwide, the company has managed to trace and freeze more than $1 million in stolen assets.
In response to these events, renowned cybersecurity and crypto expert, Dr. Sarah Brown, commented,
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