Atomic Wallet and Chainalysis Join Hands to Seize $2M Following Suspicious Deposits
Atomic Wallet has frozen over $2 million after detecting suspicious deposits in a partnership with prominent exchanges.
According to an announcement on October 18, 2023, Atomic Wallet has sought the assistance of blockchain intelligence firms Chainalysis and Crystal in its effort to identify and contain these unlawfully obtained funds resulting from an undisclosed hack.
The majority of these assets were identified as originating from the Tron and Bitcoin blockchains after passing through decentralized protocols in an attempt to hide their source.
In its announcement, Atomic Wallet expressed gratitude to centralized cryptocurrency exchanges for their swift collaboration in freezing assets linked to reported transactions.
The crypto wallet provider noted that its prompt response and cooperation were instrumental in minimizing the impact of the incident that affected some users.
This latest development followed a significant hack that Atomic Wallet experienced in June 2023, resulting in the reported loss of about $100 million in stolen cryptocurrency assets.
While Atomic Wallet did not clarify the specific circumstances surrounding the exploit, it was revealed by a blockchain investigator, MistTrack, that the hackers employed THORChain for this purpose.
As noted by Mistrack, the hackers could be the dreaded North Korean hackers. In addition, to further hide their tracks, the hackers used the Swift blockchain to transfer some of the stolen Ether to multiple Bitcoin addresses.
According to a blog statement, Atomic Wallet emphasized that it took proactive measures by alerting users through their social media channels about a potential attack.
The firm noted that it immediately suspended all app downloads and updates as a
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