On June 3, an unprecedented hack took place? one of the biggest in the crypto ecosystem, with $35 million stolen as a result of a flaw in the Atomic Wallet, which came to light when several users began reporting the unexplained disappearance of their funds on the application. These reports quickly drew the attention of the community, highlighting the potential scale of the incident. The team behind Atomic Wallet quickly declared that they were actively investigating the situation.
On-chain analyst ZachXBT, known for his work in tracing stolen funds, was involved in the investigation. According to his estimates, based on information provided by affected users, the total amount of stolen funds could reach $35 million. It is important to note that this estimate is based on information available to date and may change as the investigation progresses.
The hack has had a significant impact on Atomic Wallet users. More than 100 addresses were affected, resulting in the theft of assets on several chains, including Bitcoin, Ethereum, Tron, BSC, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Litecoin and Dogecoin. These thefts took place between June 2 and 3, and the largest amount stolen from a single user was $7.95 million in USDT.
Faced with uncertainty and a lack of clear information, some users chose to transfer their assets to other wallet service providers. This reaction underlines the loss of confidence in Atomic Wallet following the incident, and highlights the importance of transparent communication in times of crisis.
Despite the seriousness of the situation, efforts were made to recover some of the stolen funds, notably enabling analyst ZachXBT to recover around $1 million. However, the majority of the stolen funds remain unaccounted for.
For its part, Atomic Wallet announces that the investigation is still ongoing, explaining that it is approaching major exchanges as well as companies specializing in on-chain analysis with a view to potentially freezing the stolen funds.
