Customers of the popular Atomic Wallet had millions of dollars in cryptocurrency stolen from them. The project's creators acknowledged on Saturday that their clients' data had been compromised.

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Due to a security breach, $35M in cryptocurrency is stolen from Atomic Wallet in a heist.

The respective wallet is interoperable with multiple platforms, including Linux, macOS, iOS, Android, and Windows. Recently, the wallet's creators shared an exclusive announcement on its Twitter account. They admitted that a small number of consumers' accounts had been compromised and that they had received reports of this.

They were advised that the purses had been compromised. Keeping this in mind, they claimed to be conducting the essential investigation and situation analysis. In addition, they disclosed that additional information will be provided to the community in due time.

Reportedly, more than 100 addresses were compromised. Dogecoin, Litecoin, Avalanche, Algorand, Cosmos, Polkadot, Ripple, Cardano, BSC, Tron, Ethereum, and Bitcoin were among the cryptocurrencies associated with the compromised addresses. Initial indications revealed that assets valued at roughly $35 million were lost. Aside from this, the largest quantity lost was approximately $7.95 million worth of the leading stablecoin USDT.

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In this regard, ZachXBT, an on-chain investigative platform, also provided insight. The renowned detective disclosed the five largest losses, totaling up to $17 million. Atomic Wallet believes that its product is more secure as a result of the consumers' private keys being stored locally and encrypted on their individual devices. Despite this, the exclusive event has demonstrated the contrary.

Indeed, the vulnerability of the pocketbook became apparent in February of 2021. In that year, Least Authority (a platform for auditing) issued warnings. According to the corporation, the security of Atomic Wallet is inadequate. According to the platform, the wallet was incapable of protecting the confidential information and assets of its customers.

On 3 June, a user reported on Twitter that all of their hard-earned money had vanished from their Atomic Wallet-based address. In addition, the user stated in the post that the platform is responsible for protecting the consumers' assets. In addition, the client inquired about the potential fate of the misappropriated property.

The Twitter users also asserted that the assets had been plundered from the Atomic Wallet app in the past. In response to the post, a user of a social media platform mentioned that he or she had experienced a similar circumstance six months prior. The BTC tokens of the user were taken from the address of the Atomic Wallet. The response simply stated that the platform was endeavoring to safeguard the user's seed phrase, password, etc., the user added.

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Atomic Wallet is criticized for liquidity issues by the community.

Atomic Wallet has recently been penalized for distributing BEN, a meme token created by Ben Armstrong and BitBoy. In addition, the platform encountered liquidity issues with its native token, Atomic Wallet Coin (AWC), as its price dropped by as much as 8%. The platform is currently surveying the victims. The investigation team of the platform is collaborating with leading security firms to identify potential attack vectors.