Atomic Wallet Provides Update On $100 Million Exploit
In a recent blog post, Atomic Wallet provided an update on the hack incident that occurred on June 3, stating that there have been no new confirmed cases since the initial reports. The company reiterated that less than 0.1% of app users were affected, a claim that has faced skepticism from many online.
The company outlined four “probable” causes for the exploit, including a virus on user devices, an infrastructure breach, a man-in-the-middle attack, or malware code injection. While none of these scenarios have been confirmed as the cause of the breach.
Furthermore, Atomic Wallet revealed that it is working on an app update to enhance security, which has been verified by external auditors. However, concerns have been raised about the identity of these auditors and the accessibility of their statements for users.
Critics have also questioned the company’s understanding of the exploit, as the range of possibilities proposed by Atomic Wallet suggests a lack of comprehensive understanding of the incident.
In addition, recent allegations from MistTrack have emerged, claiming that North Korean hackers utilized Atomic Wallet for money laundering purposes, similar to the Harmony cross-chain bridge hacking incident. These allegations further complicate the situation for Atomic Wallet.
Furthermore, Atomic Wallet revealed that it is working on an app update to enhance security, which has been verified by external auditors. However, concerns have been raised about the identity of these auditors and the accessibility of their statements for users.
Critics have also questioned the company’s understanding of the exploit, as the range of possibilities proposed by Atomic Wallet suggests a lack of comprehensive understanding of the incident.
In addition, recent allegations from MistTrack have emerged, claiming that North Korean hackers utilized Atomic Wallet for money laundering purposes, similar to the Harmony cross-chain bridge hacking incident. These allegations further complicate the situation for Atomic Wallet.
