Atomic Wallet hack losses exceed $100 million

Reported losses for users of the non-custodial Atomic Wallet have exceeded $100 million. This was disclosed by Elliptic analysts.

The company tracks more than 5,500 cryptocurrency wallets that are believed to have been compromised as a result of the attack.

Elliptic’s measures have allowed assets worth more than $1 million to be frozen. Analysts continue to search for the stolen funds.

Experts also added to their blockchain-analytics tool information about cryptocurrency wallets used by the Bitcoin exchange Garantex, which is under U.S. sanctions.

“This helps our clients avoid transactions with this entity,” Elliptic said.

Since June 2, several user accounts of non-custodial wallet Atomic Wallet have been compromised, resulting in preliminary losses of digital assets up to $35 million.

The stolen funds subsequently passed through the mixer through the mixer Sinbad.io and the US-sanctioned Russian Bitcoin exchange Garantex.

On June 13, Atomic Wallet administrators received summons to appear for questioning from Kazakh law enforcement. In addition, they requested server logs—the activity log in which all user actions on the site are recorded.