Info@NationalCyberSecurity
Info@NationalCyberSecurity

Atomic Wallet Freezes $2,000,000 on Crypto Exchanges After Hackers Steal $100,000,000 in June | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


Atomic Wallet says it has frozen $2 million worth of crypto on centralized exchanges after hackers plundered more than $100 million from the company’s users in June.

The non-custodial decentralized wallet company has faced pushback online in the months following the hack for remaining vague on the details of the attack, which various crypto researchers have attributed to the Lazarus Group, a North Korean hacker collective.

Elliptic, a blockchain analytics and compliance firm, has independently tracked the compromised crypto wallets and estimates that more than $100 million worth of crypto was stolen.

A group of Russian investors also launched a class-action lawsuit against Atomic Wallet in August, claiming the company didn’t give them any information about the hack or report it to the police, according to a report.

Atomic Wallet said it managed to freeze the $2 million thanks to a “remarkable display of resilience and unity within the crypto community,” though the company didn’t disclose any information about the potential recovery of the $98+ million in stolen crypto that remains looted.

“Atomic Wallet is cooperating with law enforcement agencies in ongoing investigations related to this matter. Due to these ongoing investigations, we can only share some of our findings with the public.” 

The company says reports from the blockchain analysis firms they hired indicate the stolen funds were bridged to the Bitcoin (BTC) blockchain, then sent through mixer, then ultimately ended up on the Tron (TRX) blockchain and Bitcoin network.

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