The wallet team of Atomic Wallet has announced that they are investigating some cases of wallet breaches. Slow Mist suggests that the cause might be a supply chain attack (hackers alter the software code on the server for regular users to download). The wallet had a major version upgrade a month ago. The official website of Atomic Wallet shows that the wallet has over five million downloads.

Atomic - Crypto Wallet Official Twitter Account, tweeted "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 support@atomicwallet.io"

Atomic Wallet users may be at risk of losing their funds due to a possible supply chain attack. Hackers may have compromised the software code of the wallet and inserted malicious code. This could allow them to access your private keys and steal your assets.

If you have downloaded or updated the Atomic Wallet software in the last month, please stop using it immediately and transfer your funds to a secure wallet. Do not enter your seed phrase or password on the Atomic Wallet app or website. Check the official channels of Atomic Wallet for updates and instructions on how to recover your funds safely.

#hacked

Some users blamed the wallet provider that they had funds stolen from their accounts in the past as well.

The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained.

Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT).

The team behind the wallet took it to Twitter yesterday to inform that some users complained about having their accounts compromised. Atomic said the team will go into further investigations, but there have been no official updates as of writing these lines.

The waves of complaints under the Atomic Twitter post continue, with some claiming that they had their funds stolen in the past and that the wallet provider did nothing to help them at the time.

Popular crypto sleuth – ZachXBT – said he received numerous messages from Atomic users regarding their lost funds.

According to the on-chain investigator, the largest single victim lost 2.8 million worth of Tether (USDT). ZachXBT added that they observed “multiple other losses” worth six figures in digital assets across different chains.

Although some reports claim that DeFi hacks are on the decline in contrast to rug pulls, there have been several larger ones in the past few weeks.

The latest example was the liquidity protocol Jimbos, which had $7.5 million worth of crypto drained last weekend.

#atomic #hacked #exploit #wallet #crypto

Downloading a Scam Version of Wallet

While relatively rare, it's crucial to be cautious of fake wallet sites created by hackers using Google Ads to rank high in search results. These fraudulent sites mimic genuine wallets, allowing users to create and add funds to their wallets, but ultimately diverting the funds to the hackers' wallets. To avoid falling victim to such scams, always double-check the website address before downloading anything. Vigilance is key to protecting your assets in the crypto space.

Exposing Your Seed Phrase

Under no circumstances should you store your seed phrase digitally, such as on your computer or phone. Doing so exposes you to potential hacking threats, with hackers gaining access to your file system or cloud backup and compromising your seed phrase. For enhanced security, write down the seed phrase on paper and store it in a secure location. This ensures that your valuable crypto assets remain safe and protected from unauthorized access.

Malware and Keyloggers

Ensuring robust protection against viruses, malware, and keyloggers is paramount. Utilize reliable antivirus and anti-malware software, such as Malwarebytes, to maintain a clean and secure computer environment consistently. Many dedicated crypto investors opt to have a separate computer solely for crypto trading, isolating it from other risk-prone activities to fortify security measures. By implementing these precautions, you can safeguard your crypto assets and conduct transactions with greater peace of mind.

Scam Transactions

Beware of scam sites that lure users in, prompting them to connect to the site and sign transactions, supposedly for legitimate purposes. However, these requests can actually grant the site unrestricted access to spend your coins or tokens. Scammers exploit this to drain your wallet, redirecting your assets to their own wallets. Exercise caution and thoroughly vet websites before authorizing any transactions to protect your valuable crypto holdings from malicious schemes.

Fake/Scam Airdrop Promotions on Discord or Telegram

When exploring new DeFi projects for potential investment, joining their Discord or Telegram channels can provide valuable information. However, exercise caution, as these platforms may expose you to numerous scam offers. Beware of unsolicited direct messages (DMs) promoting "airdrops," "token giveaways," or other enticing rewards, requesting you to connect your wallet to claim them. Often, these DMs and fake websites will mimic the project's domain but with slight variations. Always remember: THESE DMs AND PROMOTIONS ARE ALWAYS ALWAYS ALWAYS A SCAM! Be vigilant and verify information before engaging in any offers to safeguard your funds from fraudulent activities.

#webgtr #wallethacked #web3.0 #hacked #wallet

In the ever-evolving world of cryptocurrency, security incidents are an unfortunate but all too common occurrence. Recently, on-chain analysts discovered a major security breach that shook the crypto-based sports betting platform Stake. In this blog, we delve into the details of this incident and its implications.

The Initial Alarming Transfers

The security incident started with a series of suspicious transactions on Stake. Data from the analyst firm Cyvers revealed that a substantial $15.7 million was transferred away from the platform. This staggering amount included 6,000 ether ($9.8 million) and $5.9 million in stablecoins. This initial discovery raised eyebrows within the crypto community.

Expanding the Scope: Cross-Chain Transfers

As the story unfolded, more alarming information emerged. ZachXBT, another blockchain analyst, provided additional insights into the situation. It was revealed that an additional $25.6 million had been moved out of wallets believed to be associated with Stake on two other blockchain networks: BNB Chain and Polygon. Of this, $17.8 million was transferred on BNB Chain, while $7.8 million was moved on Polygon. These cross-chain transfers heightened concerns and brought the total outflows to over $41 million across various crypto addresses on three different chains.

Confirmation and Collaboration

ZachXBT's findings didn't stand alone; they were further corroborated by the renowned security firm Beosin. This collaboration between blockchain analysts and security experts underlined the seriousness of the situation. Stake was indeed facing a substantial security breach.

The Implications and Fallout

The implications of this security incident are significant. Not only does it raise questions about the security measures in place at Stake but also the broader issue of security in the cryptocurrency industry. Investors and users of the platform are left concerned about the safety of their funds and the trustworthiness of crypto-based platforms.

Stake's Response and Recovery Efforts

In response to the breach, Stake immediately took action to investigate the incident and address the security vulnerabilities that led to the funds' unauthorized transfers. Their response will be closely monitored by the crypto community as they work to recover the stolen funds and fortify their platform against future breaches.

The Ongoing Investigation

With multiple parties involved, including analysts, security firms, and the platform itself, a comprehensive investigation is underway. The crypto community eagerly awaits the findings, hoping for answers to questions surrounding the origin of the breach and the identity of the perpetrators.

In Summary

The security breach at Stake serves as a stark reminder of the ever-present risks in the cryptocurrency space. As the investigation unfolds and Stake works to recover the stolen funds, this incident will undoubtedly spark discussions about the need for stronger security measures within the industry. In the crypto world, vigilance and constant improvement of security practices are paramount to ensure the trust and safety of users and investors.

#security #stake #ZachXBT #hacked