In a shocking cybersecurity incident, Atomic Wallet has suffered a massive hack resulting in the theft of over $35 million worth of digital assets since June 2. The breach was brought to light by ZachXBT, an on-chain detective, who revealed that the five largest thefts accounted for approximately $17 million. Atomic Wallet has launched an investigation into the security breach, which reportedly involved not only the theft of tokens but also the erasure of transaction histories and the complete obliteration of crypto portfolios.

ZachXBT, renowned for tracing stolen cryptocurrency, disclosed that the largest individual loss amounted to $7.95 million in Tether, and he predicts that the total amount stolen could surpass $50 million. Additionally, users have been warned about a phishing scam targeting Atomic Wallet’s official Twitter account, where scammers posing as the company mislead users during this crisis.

Atomic Wallet, which serves over 5 million users globally, has responded to the incident by focusing on gathering victim addresses and collaborating with major exchanges and blockchain analytic firms to track and freeze the stolen funds. However, as a noncustodial-decentralized wallet, the responsibility for asset security lies with the users, as stated in the company’s terms of service.

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