Atomic Wallet Investigates Crypto Theft: $3.5M in ETH Lost!

• Atomic Wallet is investigating reports of users claiming their crypto has been stolen.
• The company asked users to contact them via email and is doing all it can to investigate the situation.
• An on-chain analyst has identified a long list of coins that have been drained from wallets with one of the largest victims losing $3.5 million in Ethereum (ETH).

Atomic Wallet Investigating Exploit

The team behind Atomic Wallet is investigating reports from an onslaught of users who say their crypto has abruptly been stolen. So far, the company has released one official statement and is asking users to contact them via email.

Atomic Wallet Features

Atomic Wallet supports more than 1,000 crypto assets and describes itself as a decentralized, non-custodial app that does not have access to users’ private keys. It stores important information such as private keys and backup phrase locally on user devices that are strongly encrypted, and all operations within it are protected with a password. Atomic Wallet doesn’t store any of the user’s private data making them exclusive owners of their funds and keys.

Long List Of Coins Drained From Wallets

At time of publishing, the pseudonymous on-chain analyst ZachXBT says a long list of coins are being drained from wallets, with one victim losing $3.5 million in Ethereum (ETH). He estimates $20 million worth of funds have been stolen at minimum across Bitcoin, Ethereum, Tron, Binance Coin, Cardano, XRP, Polkadot, Cosmos, Algorand ,Avalanche ,Stellar ,Litecoin and Dogecoin .

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Disclaimer

The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets; nor is The Daily Hodl an investment advisor – investors should do their own due diligence before making high risk investments in Bitcoin or other cryptocurrency assets..