Atomic Wallet Hacked: Largest Victim Reportedly Lost 2.8M USDT

The non-custodial decentralized crypto wallet Atomic Wallet – with a reported user base of over five million customers – said some of its users complained about having their digital assets drained.

Later reports suggested that numerous users had six figures worth of crypto wiped out, while the largest victim lost nearly $3 million worth of Tether (USDT).

• The team behind the wallet took it to Twitter yesterday to inform that some users complained about having their accounts compromised. Atomic said the team will go into further investigations, but there have been no official updates as of writing these lines.
• The waves of complaints under the Atomic Twitter post continue, with some claiming that they had their funds stolen in the past and that the wallet provider did nothing to help them at the time.
• Popular crypto sleuth – ZachXBT – said he received numerous messages from Atomic users regarding their lost funds.
• According to the on-chain investigator, the largest single victim lost 2.8 million worth of Tether (USDT). ZachXBT added that they observed “multiple other losses” worth six figures in digital assets across different chains.

Some things to note about this hack.

Largest single victim I have observed is for 2.8M USDT. Multiple other losses for 6 figures across different chains.

Thanks to all of the victims who have messaged me their transaction hash. The root cause is still tbd. pic.twitter.com/or2b3eMvIs

— ZachXBT (@zachxbt) June 3, 2023

• Although some reports claim that DeFi hacks are on the decline in contrast to rug pulls, there have been several larger ones in the past few weeks.
• The latest example was the liquidity protocol Jimbos, which had $7.5 million worth of crypto drained last weekend.