Blockchain forensics: More than $100 million captured in Atomic Wallet hack

The damage caused in the hack of the Atomic cryptowallets is apparently greater than thought. Blockchain analysts suspect that the North Korean hacker group Lazarus is behind the attack.

According to blockchain analysts at Elliptic, losses from the hack of cryptowallet provider Atomic exceed US$100 million. An estimated 5,500 wallet veins were victims of the attack. On June 3, Atomic Wallet confirmed reports of compromised crypto wallets in a tweet.

Three days later, the company announced that it was going to help "as many victims of the recent attack" as possible. To do this, Atomic Wallet has hired on-chain analysts from Chainalysis. They are to "track down the stolen funds and liaise with exchanges and authorities."

Anger due to lack of clarity

Because the company has not provided updates on the situation since then, users are becoming increasingly angry. So far, it is unclear how the hackers were able to compromise the wallets.

Elliptic linked the hack to the infamous North Korean Lazarus group. You can read about what wallets are and how they differ in our blog on wallets.