Atomic Wallet Investigating Exploit As Wave of Crypto Users Report Stolen Funds

The team behind Atomic Wallet is investigating reports from an onslaught of users who say their crypto has abruptly been stolen.

So far, the company has released one official statement and is asking users to contact them via email.

“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.”

Atomic Wallet supports more than 1,000 crypto assets and describes itself as a decentralized, non-custodial app that does not have access to users’ private keys.

“Atomic Wallet is an interface that gives you access to your funds on the blockchain. The most important information, such as your private keys and backup phrase, is stored locally on your device and is strongly encrypted. The wallet and all the operations within it are protected with a password.

Atomic Wallet doesn’t store any of your private data, making you the exclusive owner of your keys and funds.”

At time of publishing, the pseudonymous on-chain analyst ZachXBT says a long list of coins are being drained from wallets, and the largest single victim he has found lost $3.5 million in Ethereum (ETH).

“Update: Just surpassed $14 million worth of [total] stolen funds across Bitcoin, Ethereum, Tron, Binance Coin, Cardano, XRP, Polkadot, Cosmos, Algorand, Avalanche, Stellar, Litecoin and Dogecoin.

I would estimate $20 million has been stolen at minimum.”

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Featured Image: Shutterstock/Yurchanka Siarhei/Sensvector