Atomic Wallet, a decentralized wallet provider, has released a statement regarding the June exploit that affected its users. The company claims that there have been no new confirmed cases of the hack and reiterates that less than 0.1% of its app users were affected. However, this figure has been disputed by many online.
Atomic Wallet did not provide specific details about the exploit’s cause but listed four probable scenarios, including a virus on user devices, an infrastructure breach, a man-in-the-middle attack, or malware code injection. The company stated that none of these scenarios have been confirmed as the cause of the breach and that its security infrastructure has been updated.
The company mentioned that it is working on an app update to enhance security, which has been verified by external auditors. However, there have been questions raised about the identity of these auditors and where users can find their statements.
Concerns have also been raised about why Atomic Wallet needed to update its security infrastructure and the lack of clarity surrounding the exploit’s cause. Some have pointed out the wide range of possibilities suggested by the company, indicating a lack of understanding regarding the incident.
Atomic Wallet acknowledged the laundering and mixing of user funds but stated that most of the funds remain traceable. The company has enlisted the help of blockchain analytics firms Chainalysis and Crystal Blockchain for the ongoing investigation. Chainalysis declined to comment on its work or findings related to Atomic Wallet, and clarification has been sought from both Atomic Wallet and Crystal Blockchain regarding various aspects of the statement.
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