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The Aftermath of Atomic Wallet's Security Breach
Following a cyberattack that extracted $35 million from Atomic Wallet's users since June 2, the company asserts that less than 1% of its active monthly users were affected. Post-attack, Atomic Wallet has bolstered their efforts, alongside independent blockchain investigators, to locate and retrieve the stolen funds.
In the midst of this chaos, several authenticated scam Twitter accounts capitalized on the opportunity, impersonating Atomic Wallet and disseminating phishing links under the pretense of aiding users to recoup their lost assets.
Efforts Toward Fund Recovery
ZachXBT, an anonymous on-chain investigator, has claimed to have assisted one victim in the recovery of $1 million in stolen funds. Yet, the specifics of this recovery process remain undisclosed, with ZachXBT suggesting that it's better not to reveal the details for now.
However, even after Atomic Wallet's announcement, a significant number of users reported ongoing fund losses. Furthermore, some in the community criticized the company's attempt to downplay the severity of the incident. One user declared:
"The percentage doesn't matter, hackers target wallets with substantial funds."
Reflecting on the Incident
This situation underlines the critical importance of carefully selecting service providers for the secure storage of cryptocurrency assets. It also challenges the 'not your keys, not your coins' mantra advocated by several crypto wallet providers, including Atomic Wallet.
Through his investigation, ZachXBT discovered that the highest loss by an individual user in the Atomic Wallet hack was a staggering $7.95 million in Tether on the Tron blockchain. According to the latest update, the top five losses total $17 million.
Pro-XRP Lawyer's Mobile Device Compromised
Adding to the weekend's events on June 4, a cybercriminal managed to gain control over the mobile device belonging to pro-XRP attorney, John Deaton. Deaton's Twitter account was subsequently exploited to promote LAW tokens.
Shortly after this tweet, Deaton and his representatives issued warnings about the hack, advising users against investing in the mentioned cryptocurrency.
