On June 3, the Atomic support team received an alert reporting unauthorized transactions from the Atomic Wallet of some users. It immediately suspends app downloads and updates. It also launches an in-depth investigation. Here are the recent developments on Atomic’s crypto hack.
Investigations and collaboration with crypto experts
Atomic fell victim to a major crypto hack on June 3. Financial losses amount to more than $35 million. Since day one of the incident, his team has been working closely with crypto investigators (including Chainalysis and Crystal).
The support team collects user reports, processes the data and forwards it to these companies. The goal: to monitor suspicious transactions after Atomic’s crypto hack. Thanks to this collaboration, the crypto company was able to identify the funds involved in the unauthorized transactions. Atomic even cooperates with crypto exchanges to freeze suspicious deposits.
Atomic Crypto Hack: Enhanced Security and Preventive Measures
In his press release, Atomic emphasizes this strongly: security is paramount. After the crypto hack, Atomic therefore opened an internal investigation with external cybersecurity experts.
For the time being, it cannot yet confirm with certainty the exact cause of the problem. However, the team examines several scenarios :
- targeting viruses to users’ devices,
- breach of infrastructure,
- the injection of malicious code,
- a man-in-the-middle attack.
That’s not all ! Atomic also took immediate steps to strengthen its security infrastructure. She works on an app update aimed at reducing the risk of future attacks. Atomic thus encourages all its users to keep the Atomic Wallet applications up to date with the latest versions.
According to Atomic, less than 0.1% of Atomic Wallet app users were affected by the crypto hack. Also, no new cases has not been reported since June 3. Admittedly, the crypto company can in no way guarantee the complete absence of risk. However, it wants to reassure its users that any problems are not likely to cause massive breaches (at least on the latest versions of the application).
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