Atomic Wallet, a decentralized wallet with a considerable user base of over five million users, has allegedly been hacked. There are reports suggesting that the users’ funds have been compromised, with some victims losing their entire balance.

The Incident

On June 3, 2021, Atomic Wallet tweeted that it was investigating the incident. The tweet stated that the company was doing all it could to analyze the situation and would share information as soon as possible. The company also urged users to contact them with any questions or concerns.

The Victims and the Suspected Cause

According to some Twitter users, they have lost over six figures in the attack. The incident’s cause is still being investigated, but some experts believe that it could be a supply chain attack. A supply chain attack is where hackers tamper with the software source code on the server, which ordinary users then download.

The Fallout

Atomic Wallet had been facing criticism recently for the liquidity issues of its native token, Atomic Wallet Coin (AWC), which has crashed 8% today. The company had also been criticized for listing the $BEN token, the meme coin launched by BitBoy, Ben Armstrong. The fallout from this incident is yet to be seen, but it is likely to be significant given the number of users affected and the amount of money lost.

Atomic Wallet, a trusted decentralized wallet with a significant user base, has allegedly been hacked. The users’ funds have been compromised, with some victims losing their entire balance. The cause of the incident is still being investigated, and the company has urged users to contact them with any questions or concerns. The fallout from this incident is yet to be seen, but it is expected to be significant given the number of users affected and the amount of money lost.

Blockchain

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