Earlier today, we mentioned that Atomic Wallet users had their wallet hacked and funds drained. Two individuals, ZachXBT and Tay Yano, have provided valuable updates shedding light on the extent of the compromise.
Zach took to Twitter to share some key observations regarding the hack.
The largest single victim identified so far lost a staggering 2.8 million USDT.
Additionally, there have been multiple six-figure losses reported across different blockchain networks. He expressed gratitude to the victims who reached out and shared their transaction hashes, which have been crucial in the ongoing investigation.
However, the root cause of the hack is yet to be determined.
Meanwhile, Tay provided a timeline of the on-chain drains associated with the compromised wallets.
The earliest recorded transaction dates back to June 2, 2023, at 21:45 UTC, while the latest transaction occurred on June 3, 2023, at 15:30 UTC.
The drain pattern follows a specific sequence: first, each token and the base asset are transferred from the victims' addresses to new addresses. Next, the hacker proceeds to swap all the tokens for the base asset using platforms like Uniswap, MM Swaps, Sunswap, and others. Finally, the hacker sweeps the balance of the base asset to yet another new address.
Tay also shared a list of addresses where the stolen funds from the Atomic Wallet hack are currently located. It's important to note that this list is described as "very incomplete and messy."
The breakdown of currencies provided is not reflective of the actual distribution of stolen funds but rather represents what Tay Yan happened to trace out first.
