In short: Atomic Wallet, a non-custodial decentralized crypto wallet with a user base of over five million customers, has had some users complain about their digital assets being drained, with some reportedly losing six-figure amounts and the largest victim losing nearly $3 million worth of Tether (USDT). The team behind the wallet has announced on Twitter that they will investigate the complaints but no official updates have been provided yet. This follows several recent DeFi hack incidents, including Jimbos losing $7.5 million worth of crypto last weekend.
Our quick analysis:
In the world of cryptocurrency, security is everything. And when things go wrong, they go really wrong. That's what happened with Atomic Wallet - a non-custodial decentralized crypto wallet with over five million users. Some of its customers reported having their digital assets drained, and later reports reveal that some users lost six figures worth of crypto. The largest victim reported a whopping $3 million worth of Tether (USDT) lost.
The team behind the wallet took to Twitter to inform its users that some of them had their accounts compromised. However, no official updates have been provided yet. To make matters worse, some users claim that they had their funds stolen in the past and that Atomic Wallet did nothing to help them at that time. Not a good look for a wallet provider with millions of users.
The crypto-sleuth ZachXBT received numerous messages from Atomic users regarding their lost funds. He reported observing multiple other losses worth six figures in digital assets across different chains. The largest single victim reported a loss of 2.8 million worth of Tether (USDT).
The root cause of this hack is still unknown, and the victims are left to wonder how it could have happened. Although some reports claim that Decentralized Finance (DeFi) hacks are on the decline, there have been several large ones in recent weeks. The latest example was the liquidity protocol Jimbos, which had $7.5 million worth of crypto drained last weekend.
As the crypto world continues to grow, security will remain a top concern. So, before you trust a wallet provider with your digital assets, make sure you do your research to ensure your funds are in safe hands.
The post "Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT" is a reminder that no one is completely safe in this world of cryptocurrency. Keep your digital assets secure and always be cautious.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
In the world of cryptocurrency, security is everything. And when things go wrong, they go really wrong. That's what happened with Atomic Wallet - a non-custodial decentralized crypto wallet with over five million users. Some of its customers reported having their digital assets drained, and later reports reveal that some users lost six figures worth of crypto. The largest victim reported a whopping $3 million worth of Tether (USDT) lost.
The team behind the wallet took to Twitter to inform its users that some of them had their accounts compromised. However, no official updates have been provided yet. To make matters worse, some users claim that they had their funds stolen in the past and that Atomic Wallet did nothing to help them at that time. Not a good look for a wallet provider with millions of users.
The crypto-sleuth ZachXBT received numerous messages from Atomic users regarding their lost funds. He reported observing multiple other losses worth six figures in digital assets across different chains. The largest single victim reported a loss of 2.8 million worth of Tether (USDT).
The root cause of this hack is still unknown, and the victims are left to wonder how it could have happened. Although some reports claim that Decentralized Finance (DeFi) hacks are on the decline, there have been several large ones in recent weeks. The latest example was the liquidity protocol Jimbos, which had $7.5 million worth of crypto drained last weekend.
As the crypto world continues to grow, security will remain a top concern. So, before you trust a wallet provider with your digital assets, make sure you do your research to ensure your funds are in safe hands.
The post "Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT" is a reminder that no one is completely safe in this world of cryptocurrency. Keep your digital assets secure and always be cautious.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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