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Atomic Wallet Hack May Be Connected to North Korean Hacking Group | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


Report: Atomic Wallet Hack May Be Connected to North Korean Hacking Group

Atomic Wallet acknowledged the hack

A recent cyberattack on Atomic Wallet, a popular cryptocurrency wallet service, resulted in the theft of $35 million worth of digital assets from its users. According to Elliptic, a blockchain compliance analytics firm, some of the stolen funds have been converted to Bitcoin and sent to a crypto mixer called Sinbad.io. This mixer is known to be used by the Lazarus Group, a notorious hacking group linked to North Korea. Additionally, wallets connected to the Atomic Wallet hack have been connected to wallets connected to previous hacks by the Lazarus Group.

Elliptic’s Investigations Team reported that Sinbad.io is likely a rebranded version of Blender.io, another mixer that was sanctioned by the U.S. Treasury Department for laundering over $100 million in crypto assets stolen by the Lazarus Group. Crypto mixers are services that obscure the origin and destination of cryptocurrency transactions by randomly mixing them with other transfers.

Atomic Wallet acknowledged the hack on June 3 and claimed that it affected less than 1% of its monthly active users. It also advised its users to report the illicit transfers to the most popular crypto exchanges, which could prevent the hackers from exchanging their funds. However, Elliptic’s findings suggest that it may be too late for many victims, as their funds are already being mixed and laundered through Sinbad.io.

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