Hacked Atomic Wallet Freezes $2 Million in Suspicious Deposits
Atomic Wallet, a hacked cryptocurrency wallet, has taken action by freezing $2 million worth of “suspicious deposits” in collaboration with major crypto exchanges. According to reports from Chainalysis and Crystal, the funds were transferred to the Bitcoin blockchain using advanced methods such as bridges and mixers. Most of the funds ended up on the Tron blockchain and Bitcoin network, with the Avalanche bridge being specifically mentioned.
The announcement expressed gratitude towards the centralized cryptocurrency exchanges for their prompt cooperation in freezing assets related to the reported transactions. However, Atomic Wallet did not provide further details about the incident upon request.
Previous Hack and Class Action Lawsuit
This recent development follows a major hack that Atomic Wallet experienced in June 2023, resulting in significant losses of stolen crypto assets. The exact circumstances surrounding the exploit remain unclear. Subsequently, affected users initiated a class action lawsuit against Atomic Wallet in August, seeking compensation for $100 million in damages.
Hot Take: Atomic Wallet Takes Swift Action to Mitigate Impact
Despite facing another security breach, Atomic Wallet’s collaboration with crypto exchanges to freeze suspicious deposits demonstrates its commitment to protecting users’ assets. By promptly addressing the issue and working together with industry partners, Atomic Wallet aims to minimize the impact on affected individuals. This proactive approach is crucial in maintaining trust within the crypto community and ensuring the security of digital assets.
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