Atomic Wallet RESPONDS To $100 Million Hack

Atomic Wallet has finally responded to users regarding the exploit that drained $100 million from customers.

The hack is widely believed to have been coordinated and perpetrated by North Korean hackers known as the Lazarus group.

Atomic claimed that the hack affected less than 0.1% of their users and new cases have not emerged as of the time their latest statement was made.

The popular cold-wallet client issued this public relations statement on June 21, 2023.

June 3rd event Statement. To summarise, less than 0.1% of Atomic app users have been affected. Since then, no new cases have been reported.

None of the possible issues are confirmed as potentially causing massive breaches, at least in the latest app versions. Builds are verified… pic.twitter.com/YTcOFpo3M3

— Atomic – Crypto Wallet (@AtomicWallet) June 21, 2023

One user writes that crypto sleuth ZackXBT was responsible for correctly identifying North Korean hackers and the Lazarus Group as the likely culprits behind the attack.

But he was right, ofc. Literally no one launders like Lazarus.

Their trails are just…weird. They do things that no one else does.

Plus they know more about the diff chains and bridges and contracts than anyone, even investigators.

And they evolve fast af. It's absurd tbh. pic.twitter.com/oavtq2D6qk

— Tay 💖 (@tayvano_) June 14, 2023

Coin Telegraph reports:

Atomic Wallet didn’t point to what exactly led to the exploit, only laying out the four most “probable” causes, including a virus on user devices, an infrastructure breach, a man-in-the-middle attack or malware code injection.

However, none of these scenarios “are confirmed as potentially causing massive breaches,” said Atomic Wallet, while adding its “security infrastructure has been updated.”

According to U Today, much of the stolen money, denominated in XRP, has been circulating through major centralized exchanges since the attack.

Millions of Stolen XRP Ripple Through Exchanges After Epic Heist

The aftermath of the notorious Atomic Wallet hack continues to unfold as millions of stolen XRP tokens resurface, making their way through major crypto exchanges. https://t.co/aGPuElBRJY

— IN (@Ianbins) June 21, 2023

Decrypt explained:

While today’s report did not confirm the attacker’s identity, security firms Elliptic and MistTrack have established links to the notorious North Korean hacking group Lazarus.

Speaking to Decrypt, an Atomic Wallet spokesperson would not confirm the North Korean group’s involvement, while noting that, “some investigation agencies” had claimed that it was the work of “sorta Lazarus group.”

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