Atomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges

1 year ago

This was the effect of a collaboration betwixt Atomic Wallet, forensic companies and centralized exchanges pursuing reports from users claiming unauthorized transactions from their wallets.

Atomic Wallet freezes $2M successful  ‘suspicious deposits’ connected  exchanges

Hacked cryptocurrency wallet Atomic Wallet has frozen $2 cardinal successful “suspicious deposits” successful a associated effort with large crypto exchanges.

Announcing the quality to Cointelegraph connected Oct. 19, Atomic Wallet said that blockchain quality firms Chainalysis and Crystal person assisted the wallet steadfast successful identifying and containing the threat.

Citing reports received from Chainalysis and Crystal, Atomic Wallet reported that the “threat actor” utilized blase methods to span the funds to the Bitcoin blockchain, including bridges and mixers. “Most funds person yet ended up connected the Tron blockchain and Bitcoin network,” the study reads.

The study specifically mentioned that the funds were bridged done the Avalanche span and past bridged to the Tron blockchain.

“Atomic Wallet extends heartfelt gratitude to the centralized cryptocurrency exchanges collaborating promptly to frost assets linked to reported transactions. Their swift effect and practice were pivotal successful mitigating the interaction of the incidental that happened to immoderate users,” the steadfast said successful the announcement.

Atomic Wallet didn’t instantly respond to Cointelegraph’s petition to stock further details astir the issue.

Related: FTX hacker moves $120M amid Sam Bankman-Fried trial: Report

The quality comes months aft Atomic Wallet suffered a large hack successful June 2023, with the platform reportedly losing millions successful stolen crypto assets. Atomic Wallet didn’t clarify what conditions precisely led to the exploit.

In August, a radical of affected Atomic Wallet users reportedly launched a people enactment against the firm, which suffered a large breach and $100 million successful losses.

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