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Atomic Wallet Users Suffer Loss As North Korean Cyber Criminals Cart-Away With $100 Million

by BlockNews Team
June 15, 2023
in Crypto, Media, Social
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Atomic Wallet Hack: The Latest Developments
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  • Approximately 5,500 crypto wallets were reportedly affected and drained in the recent North Korean cybercriminals attack.
  • Atomic Wallet users lament the loss of their entire crypto portfolios to the recent attack.
  • The North Korean hackers have now allegedly stolen $100 million from the attack carried out on Atomic Wallet.

In a recent tragic event that has shaken the crypto community to its knees, the funds lost to the notorious North Korean cyber criminals have been calculated to be around $100 million.

On June 3, the noncustodial decentralized wallet Atomic Wallet announced that it had been hit with a fatal hack from cybercriminals suspected to be the notorious North Korean hackers known as the ‘Lazarus Group.’ Since the incident, the crypto community has been vocal about their funds and what the crypto firm, Atomic Wallet, plans to do to recover the stolen funds.

According to the review executed by Elliptic, a blockchain analysis company, an estimated 5,500 crypto wallet accounts were affected in the heist, as over $100 million was stolen from Atomic Wallets.

Although thousands of accounts were severely bruised in this fatal heist, with some users declaring a complete loss of their cryptocurrency portfolios, the platform on which the theft was executed has yet to fully address the situation and explain to the victims what steps it aims to take since the attack.

Atomic Wallet was last seen reporting on the case on June 8, which has sparked anxiety and frustration within the crypto community. The noncustodial wallet provider has yet to explain the reasons behind the vast losses recorded on its platform.

Meanwhile, the blockchain analysis firm has taken it upon itself to uncover the mystery behind the recent unfortunate event whereby it revealed that the infamous cybercrime group, popularly known as Lazarus Group, was involved in this heist.

Elliptic partnered with several crypto exchanges and international investigators to retrieve the stolen assets. So far, the attempt has only been able to freeze over $1 million worth of stolen assets.

Atomic Wallet’s Assertion To The Crypto Community Since The Lazarus Group Heist

On June 3, Atomic Wallet notified the public—via its Twitter page—about its awareness regarding the theft on its platform. The crypto wallet provider confirmed it was doing everything possible to investigate and analyze the situation.

In a thread created on June 5, the crypto firm claimed that less than 1% of its monthly active users were affected, and this tweet signaled a barrage of replies from the affected users, who claimed that all their funds had been wiped clean from their wallets.

“All my funds have been wiped out from my Atomic Wallet just before my eyes. I received several notifications of ETH transactions in my Atomic Wallet. When I opened my mobile wallet, all my coins were being withdrawn at the same moment,” a crypto trader named Leonidas said on Twitter.

“God damn, all of my hard-working money just vanished from my atomic wallet! Your responsibility is to secure the funds; what will happen to our funds? Please do not copy and paste anything here! Just give a clear answer; many users face this today,” Tom, an affected user, said.

Conclusion

The crypto community is furious with Atomic Wallet’s lack of response to the recent hack, as users lament the loss of their entire crypto portfolios.

Tags: Atomic WalletcryptoHackNorth Korea
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