#ATOMIC CRYPTO WALLET UPDATE#
The Register asked Atomic Wallet to comment and will update the story if the company responds.MetaMask vs Atomic - Crypto Wallet Comparison OverviewĪfter performing an in-depth analysis of MetaMask vs Atomic crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. ZachXBT tweeted that phishing scammers are already spamming fake Atomic Wallet refund efforts on Twitter in hopes of roping in some victims whose money was stolen. If there really is a low number of users affected, it may be some kind of credential stuffing, phishing, or brute-force attack, or a malware infection on the victims' devices.Īs if the stolen funds weren't enough of a problem, users also have to deal with the scams that typically crop up in the wake of such heists. It's unclear how the miscreants were able to steal the funds from users' wallets and Atomic Wallet said it is working with third-party security vendors to investigate. In a Google Docs form, the company is asking users for such information as the operating system on their devices, the online app store they used to buy the Atomic Wallet app, the amount of lost funds coins and when the coins were withdrawn, where they stored the backup phrase, and when the last time was that they used their wallet before they saw that the coins were stolen. Especially with closed source code." Scrambling to find out what happenedĪtomic Wallet is collecting information from victims to try to get a better gauge on how the cyber-theft happened. The same user added that "we shouldn't have trusted these multicurrency wallets at all. "Also, I haven't used it a single time because I never had to reinstall the app." "My wallet phrase is stored on an encrypted USB drive that is stored securely in my apartment, and I didn't tell a single soul of its existence, and it was never touched by anyone but me," they wrote.
Yet another claimed their assets were stolen and sent to other wallets despite following Atomic Wallet's advice regarding security. "I've lost literally all my money and went broke in a split second, as I kept all my money in crypto."Īnother said their wallet had also been cleaned out and Bitcoin assets transferred out of their wallet 20 minutes before they checked. "Nothing on my system was compromised, I never run any suspicious software, and I have been having Malwarebytes installed for years," they wrote. One of those said on Reddit they noticed over the weekend that most of the assets in their Atomic Wallet were gone. Since then reports of the stolen assets began rolling in, with some users reporting that their entire crypto portfolios were hijacked. Singapore's sovereign wealth fund regrets investment in crypto-villain FTXĬrypto security researcher Tay tweeted that the first report of stolen funds came in late on June 2.$8m was stolen from its devs in flash loan attack Elon Musk hit with insider trading claims over his Dogecoin crypto-hype.
#ATOMIC CRYPTO WALLET PASSWORD#
Make a unique and strong password for Atomic Wallet and store it in a trusted password manager."Ītomic Wallet also reminds users to keep their systems secure and up to date, adding that because information like the security keys and backup phrase are stored locally on the device, "if your device is compromised, the wallet can be compromised too." "Your backup is like a key to your wallet, whoever owns it owns the funds. It also allows you to perform transactions on the blockchain." It's all about the backup phraseĬentral to the security is backup phrase, the company says. "Atomic Wallet connects directly to the blockchain nodes and shows the information about your balances, transaction history and everything you see in the wallet. "Your funds are not located in the wallet itself, are safely stored on the blockchain," Atomic Wallet says on its website. The developer, headquartered in Tallinn, Estonia, says Atomic Wallet is a noncustodial app, meaning that users own the 12-word backup phrase and private keys to their coins, rather than the app maker, and that security is within the users' control. It allows users to transfer and stake more than 1,000 different crypto coins, including Bitcoin, Ethereum, USD Coin, and Solana, and claims to have more than 5 million users.
#ATOMIC CRYPTO WALLET ANDROID#
It runs on Windows, macOS, and Linux (Ubuntu, Debian, and Fedora) for desktop, and Android and iOS for mobile.
Atomic Wallet is an app designed to manage crytocurrencies.
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