Atomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges

The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets.

Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges.

Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet firm in identifying and containing the threat.

Citing reports from Chainalysis and Crystal, Atomic Wallet reported that the “threat actor” used sophisticated methods to bridge the funds to the Bitcoin blockchain, including bridges and mixers. “Most funds have ultimately ended up on the Tron blockchain and Bitcoin network,” the report reads.

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Oct-20-2023 07:11:14 AM