Atomic Wallet is facing criticism online for its vague statement regarding a recent theft of its users’ funds. The company claims that less than 0.1% of its app users were affected by the hack but does not disclose the total amount stolen or provide any details about the attack. Elliptic, a blockchain analytics firm, estimates that over $100 million worth of cryptocurrency was stolen and believes that the North Korean hacking group Lazarus Group was responsible. Atomic Wallet has not mentioned a reimbursement plan for its customers but states that it is working with blockchain analysis firms to track the missing crypto. The company also denies storing or having access to users’ private keys and shifts responsibility for the breach away from itself. Atomic Wallet claims that no new cases have been reported since the initial incident and that its security infrastructure has been updated. However, CEO of ZenGo, another crypto wallet company, pressed Atomic for more information about the security update. Twitter users have criticized Atomic for not providing compensation details and accused the company of deliberately hiding information about the hack.
Continue reading on Dailyhodl.com
By
By
By
By
By