Atomic Wallet Users Hacked For $35M Worth Of Bitcoin, Ether, Tether, and Other Tokens
Atomic Wallet users have stolen at least $35 million worth of crypto assets. Security teams are investigating the cause of the attack. Reports have surfaced of lost tokens, transaction data being erased, and even entire crypto portfolios destroyed.
By Staff
The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service.
These tokens included bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), bnb coin (BNB), and polygon (MATIC). Tron-based USDT seemed to be the largest stolen stash, on-chain analytics.
Atomic Wallet claims to have over 5 million users around the world. In a Monday tweet, Atomic Wallet said the impacted users represented less than 1% of our monthly active users, with the last drained transaction occurring on Saturday.
Victims have been asked to submit information on a Google Docs form that Atomic Wallet is using to conduct its investigations. Several users report that their crypto was stolen after a recent software update, while others say they were impacted despite not updating to the latest version, messages from Atomic Wallet’s official Telegram channel.
Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application. As usual, its Terms of Service do not accept any liability for on-chain damages suffered by users.
Clearly, the world of cryptocurrency and digital wallets can seem overwhelming when it concerns security. Here are some safety tips curated for you to securely use your crypto wallet.
Beware of phishing scams.
Phishing scams are a common technique used by hackers to spoof a website and then steal your data when you enter it. Ensure you are on the correct link or the official app before entering your information. You can also use a browser extension like Phishfort to detect if you are on the official site.
Enable two-factor authentication
After opening a crypto wallet, be sure to enable Two-factor authentication. Two-factor authentication (2FA) adds another layer of security to your account. It allows account owners to verify a login attempt. To set up a 2FA, you will need your mobile number or email address. Your password would not be enough to access your account; a random pin must be entered. This makes it much more challenging for hackers to access your account.
Keep your device protected
Be careful not to install any software you don’t trust. Also, avoid downloading any suspicious documents or attachments. Do your research before you download any software you are unsure of. Do routine antivirus scans and make sure to have your firewall enabled.
