The Atomic Wallet Hack

Last weekend, the crypto world was rocked by a hacking incident that affected Atomic Wallet ($AWC), a popular non-custodial digital asset storage platform. 😱

Despite the company’s claim that less than 1% of its monthly active users were impacted, the attack resulted in the loss of over $35 million in various digital assets, including $BTC, $ETH, and $ADA, among others. Atomic Wallet is now working with major exchanges to block the attackers’ addresses.

https://twitter.com/AtomicWallet/status/1665550651735023616

This comes on the heels of the backlash faced by Ledger, a leading hardware wallet, for potential software updates that could compromise user security (the Ledger Recover debacle). 😧

Interestingly, Least Authority raised concerns about Atomic Wallet’s vulnerabilities over a year ago in February 2022:

Atomic Wallet did give their customers and the crypto community as a whole an update last night:

https://twitter.com/AtomicWallet/status/1666591717347262468

We’ll keep you updated. 

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