Atomic Wallet, a popular cryptocurrency wallet, was hacked on Saturday, resulting in the theft of millions of dollars worth of cryptocurrencies.
The hack was first reported by users on Twitter, who said that their accounts had been compromised and that their funds had been stolen. Atomic Wallet confirmed the hack in a blog post, saying that “a small number of user accounts” had been compromised.
The hackers were able to steal funds from over a hundred addresses, including Bitcoin, Ethereum, Tron, BSC, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Litecoin, and Dogecoin. The total amount of funds stolen is estimated to be around $35 million.
Atomic Wallet is a non-custodial wallet, which means that users are responsible for their own private keys. This means that the hackers were able to steal the funds because they had access to the private keys of the affected users.
Atomic Wallet is offering a $1 million bounty for information leading to the arrest of the hackers. The company is also working to reimburse the affected users.
However, the fact that the vulnerability was evident since February 2021 raises concerns about the company’s ability to protect user funds.
Least Authority, an auditing company, raised warning flags in February 2021, saying that Atomic Wallet is “insufficiently secure in protecting user assets and private data.”