A popular cryptocurrency wallet called Atomic Wallet was hacked on March 8, 2023, resulting in losses of over $35 million. The hackers exploited a vulnerability in the wallet’s code to steal a large number of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Atomic Wallet is a non-custodial wallet, which means that users have full control over their private keys. This makes it more secure than custodial wallets, where the wallet provider holds the user’s private keys. However, non-custodial wallets can be more vulnerable to hacks, as they are not protected by the same security measures as custodial wallets.

In the case of the Atomic Wallet hack, the hackers were able to exploit a vulnerability in the wallet’s code to steal a large number of cryptocurrencies. The hackers were able to steal over $35 million worth of cryptocurrency, including Bitcoin, Ethereum, and Litecoin.

Atomic Wallet has since patched the vulnerability and is working to reimburse users for their losses. However, it is not clear how long it will take for Atomic Wallet to reimburse all of the users who lost money in the hack.

The Atomic Wallet hack is a reminder that even non-custodial wallets can be vulnerable to hacks. It is important to store your cryptocurrency in a secure wallet and to use strong passwords. You should also be aware of the risks associated with cryptocurrency investments and only invest what you can afford to lose.

We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly.

For any questions and concerns, contact support@atomicwallet.io

— Atomic – Crypto Wallet (@AtomicWallet) June 3, 2023

Atomic Wallet Hack Affects 1% of Active Users, Investors Claim Otherwise

Atomic Wallet, a popular cryptocurrency wallet, was hacked on March 8, 2023. The hack affected 1% of active users, according to Atomic Wallet. However, some investors claim that the hack affected more users than Atomic Wallet is letting on.

Atomic Wallet is a non-custodial wallet, which means that users have full control over their private keys. This makes it more secure than custodial wallets, where the wallet provider holds the user’s private keys. However, non-custodial wallets can be more vulnerable to hacks, as they are not protected by the same security measures as custodial wallets.

In the case of the Atomic Wallet hack, the hackers were able to exploit a vulnerability in the wallet’s code to steal a large number of cryptocurrencies. The hackers were able to steal over $35 million worth of cryptocurrency, including Bitcoin, Ethereum, and Litecoin.

Atomic Wallet has since patched the vulnerability and is working to reimburse users for their losses. However, it is not clear how long it will take for Atomic Wallet to reimburse all of the users who lost money in the hack.

Some investors claim that the hack affected more users than Atomic Wallet is letting on. They say that they have seen reports of users losing more than $100,000 in the hack. Atomic Wallet has not responded to these claims.

The Atomic Wallet hack is a reminder that even non-custodial wallets can be vulnerable to hacks. It is important to store your cryptocurrency in a secure wallet and to use strong passwords. You should also be aware of the risks associated with cryptocurrency investments and only invest what you can afford to lose.

Also, read – How to Protect Cryptocurrency From Hackers And How To Report A Cryptocurrency Hack

Here are some tips for keeping your cryptocurrency safe:

• Use a secure wallet: A secure wallet is one that has been properly designed and implemented to protect your cryptocurrency. There are many different types of wallets available, so it is important to do your research and choose one that is right for you.
• Use strong passwords: Strong passwords are essential for protecting your cryptocurrency. Make sure your passwords are at least 12 characters long and contain a mix of upper and lowercase letters, numbers, and symbols.
• Enable two-factor authentication (2FA): 2FA adds an extra layer of security to your wallet by requiring you to enter a code from your phone in addition to your password.
• Be careful about what websites you visit and what links you click on: Phishing websites and malicious links are often used to steal cryptocurrency. Be careful about what websites you visit and what links you click on.
• Keep your software up to date: Software updates often include security patches that can help to protect your wallet from vulnerabilities. Make sure you keep your software up to date.

By following these tips, you can help to keep your cryptocurrency safe from hackers.