A popular cryptocurrency wallet called Atomic Wallet was hacked on June 2, 2023, resulting in the theft of over $35 million worth of cryptocurrency. The hackers exploited a vulnerability in the wallet’s code to gain access to user accounts and steal their funds.
Atomic Wallet is a non-custodial wallet, which means that users have complete control over their private keys. This makes the wallet more secure than centralized wallets, which store user funds on behalf of their customers. However, non-custodial wallets can be more vulnerable to hacks if they are not properly secured.
In the case of the Atomic Wallet hack, the hackers were able to exploit a vulnerability in the wallet’s code to gain access to user accounts. Once they had access to the accounts, they were able to steal the funds that were stored in them.
The hackers stole a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Tether, and Litecoin. The total value of the stolen funds is estimated to be over $35 million.
Atomic Wallet has since patched the vulnerability that was exploited in the hack. However, the hack has caused significant damage to the reputation of the wallet. Many users have expressed concerns about the security of the wallet and have called for a refund of their stolen funds.
Atomic Wallet has not yet announced any plans to refund the stolen funds. However, the company has said that it is working with law enforcement to investigate the hack and track down the hackers.
The Atomic Wallet hack is a reminder that even non-custodial wallets can be vulnerable to hacks. Users should always take steps to secure their wallets, such as using strong passwords and two-factor authentication.
Here are some tips for securing your cryptocurrency wallet:
Use a strong password and do not share it with anyone.
Enable two-factor authentication (2FA) for your wallet.
Keep your wallet software up to date.
Be careful about which websites and apps you interact with. Only interact with trusted websites and apps.
Do not click on links in emails or messages from people you do not know.
Be suspicious of any offers that seem too good to be true.
By following these tips, you can help to protect your cryptocurrency from hackers.
