Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

Atomic Wallet has revealed some of its wallets have been compromised in what appears to be a rampaging effort by cybercriminals to exploit innocent users in the crypto world. Taking to its official Twitter account, Atomic Wallet informed its community of the exploitation, noting that it was doing the right investigation so as to analyze the situation appropriately.

Moves Taken by the Platform

While the first update it shared was on Saturday, Atomic Wallet revealed about 2 hours before the publication of this story that its investigation is still ongoing. The wallet service provider noted that it is working with the top security agencies to detect possible attack vectors. Thus far, the team working on this investigation has not confirmed anything.

Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed.

Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies…

— Atomic – Crypto Wallet (@AtomicWallet) June 4, 2023

In its effort to mitigate every form of risk, Atomic Wallet said its support team is collecting user’s addresses for detailed analysis. It also revealed it has made a proactive effort to reach out to exchanges and blockchain analytics platforms to assist in tracing the funds and possibly help block their transfers.

The lack of additional details have unsettled the Atomic Wallet community as users are confused as to how to proceed from this point out. One community member, @bottomshorter1 asked for clarity on what users should make of the current situation.

“Please advise whether to update the current desktop client or not. Share intel of confirmed wallet versions to help customers assess how to continue. Is it safe to withdraw using the latest build or not?! Should users currently just stay put or not?!” the user said in a Tweet.

Atomic Wallet Hack: One in Many

The incidence of hacks is now becoming more rampant than can be envisaged in the industry. One of the most vocal voices in the industry, Attorney John Deaton, recognized as XRP holders lawyer also saw his Twitter account compromised in what many described as an unusual birthday gift.

The hacked Twitter profile was used to promote a digital token dubbed $LAW. The digital currency had no market cap at the time the account was used to promote the coin, an exploit that is regarded as one in many being recorded in the industry.

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Godfrey Benjamin

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