Tag Archive for: atomic

Atomic Wallet Offers $1 Million Bug Bounty Amid Security Lawsuit


Atomic WalletAtomic Wallet
Source: Adobe / Ascannio

Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software.

In an announcement on December 18, the development team invited ethical hackers and security experts globally to scrutinize the open-source code for potential vulnerabilities.

White hat hackers who discover the most severe vulnerabilities, defined as those allowing an over-the-internet attack without physical access, installed malware, or social engineering, stand to earn $100,000 under the program.

The bug bounty program is designed to enhance the security of the wallet and minimize the risk of future cyber threats.

The bounty program also offers compensation ranging from $500 to $10,000 for hackers who identify bugs or flaws not meeting the criteria of the most serious vulnerabilities.

The reward depends on the severity of the vulnerability, with $5,000 allocated for a “high-risk” discovery and $10,000 for a “critical-risk” one.

The total bounty pool for all discoveries is set at $1 million.

Harnessing the ‘expertise of the global community’


Konstantin Gladych, founder of Atomic Wallet, expressed confidence in the bug bounty program’s ability to harness global expertise and creativity to bolster cybersecurity.

“Recent events in the blockchain industry have once again reminded us that cybersecurity is a dynamic field, and the best way to stay ahead is by harnessing the creativity and expertise of the global community,” he said.

$100 million hacking incident


Atomic Wallet in June this year suffered a $100 million hacking incident.

About 5,500 users of the non-custodial cryptocurrency wallet were affected by the hack which has been linked to the North Korean Lazarus Group.

Two months later, the incident led victims to launch a class action lawsuit against Atomic Wallet for compensation.

According to reports at the time, the claims rest on the company’s inaction to share proper information about…

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Atomic Wallet Hack Exposes $35 Million Crypto Asset Theft – An In-depth Look at the Aftermath and Ongoing Investigation


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The Atomic Wallet hack has shaken the crypto community, causing substantial user losses and prompting an urgent investigation. Here’s a closer look at the aftermath, recovery efforts, and the wider landscape of cryptocurrency breaches, along with Atomic Wallet’s response to the incident.

Atomic Wallet Hack Reveals $35 Million in Crypto Asset Theft

An analysis conducted by on-chain investigator ZachXBT reveals that Atomic Wallet users have suffered crypto asset theft amounting to at least $35 million since June 2. Among these losses, the five largest account for $17 million.

After the attack, Atomic Wallet took to Twitter to inform users that they were actively conducting an investigation into the cause of the incident. Troubling accounts have surfaced, revealing instances of token losses, erasure of transaction histories, and even the outright theft of entire crypto portfolios.

ZachXBT, a pseudonymous Twitter user known for tracking stolen crypto funds and aiding hacked projects, independently conducted an investigation. According to ZachXBT’s findings, the largest victim lost $7.95 million in Tether (USDT). ZachXBT commented that the total amount stolen could potentially exceed $50 million as more victims continue to be discovered.

Atomic Wallet Hack Reveals $35 Million in Crypto Asset Theft

An image shared by ZachXBT on Twitter showcases his investigation into Atomic Wallet’s hack, offering further evidence of the breach.

Atomic Wallet has a user base of over 5 million individuals worldwide. In an interview, a long-time user named Emre, who happens to be a cybersecurity professional, shared his experience as a victim of a security breach.

Emre expressed deep distress after losing nearly $1 million in crypto assets obtained from bug bounty programs. The stolen tokens encompass Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Ether (ETH), USDT, USD Coin (USDC), BNB, and Polygon (MATIC).

Emre highlighted the lack of concrete updates from Atomic Wallet regarding the incident. While the company claims to be investigating the matter, victims like Emre are still awaiting tangible progress. The funds stored in Atomic Wallet were intended for the establishment of…

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Atomic Wallet hack losses top $35M, on-chain sleuth reports


At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.

According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced of tokens being lost, transaction histories being erased, and even entire crypto portfolios being stolen.

An independent investigation carried out by pseudonymous Twitter ZachXBT, known for tracing crypto stolen funds and assisting hacked projects, has found the largest victim lost $7.95 million in Tether (USDT). “Think it could surpass $50m. Keep finding more and more victims, sadly,” commented ZachXBT.

Screenshot: ZachXBT’s investigation into Atomic Wallet’s hack. Source: ZachXBT on Twitter.

Atomic Wallet claims to have over 5 million users around the world. Cointelegraph spoke with a long-time Atomic’s client who is now a victim of the security breach. “I felt terrible because I am a cybersecurity expert by profession,” said Emre, a Turkish resident who lost nearly $1 million in crypto assets received from bug bounty programs. His stolen tokens include Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), USDT, USD Coin (USDC), Binance Coin (BNB), and Polygon (MATIC).

“They say they’re looking into it, but they don’t have anything concrete yet,” Emre continued. The funds held at Atomic Wallet were destined for the establishment of a cybersecurity firm in Turkey.

Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application. As usual, its Terms of Service do not accept any liability for on-chain damages suffered by users. “Under no circumstances will Atomic Wallet be liable to you for damages arising out of the services exceeding $50,” says one excerpt.

There has been little…

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