Atomic Wallet Faces Backlash After ‘Updating Security Infrastructure’ Without Revealing Cause of $100,000,000 Hack

Atomic Wallet has recently faced tremendous pushback after divulging a vague statement in regard to the extenuating theft of users’ crypto funds on June 3rd. Despite reckoning no more than 0.1% of its customers’ to be affected, the company conceded to keep dissimulative surrounding the sum total stolen, who perpetrated the attack and how the breach happened altogether.

Blockchain analysessors Elliptic performed their own assessment and Estimated more than $100 million worth of crypto to be taken away from the wallets. Their queries soon persuaded on North Korea’s Lazars group in hand of the robbers. Their tracks closes to somewhat confirm by Wikipedia’s story that this group has been targeting crypto exchanges and like many times with soft cap progresses.

The much-anticipated concluding view of the aforementioned has still been kept undecided. Atomic Wallet disqualified any acclaim to address back its arduous users’ woes while sitholding any crucial reports on pressuazing compensation plans in practice. Moreover, the decisive statement that “our security infrastructure has been updated” didn’t pass by unnoticed, as the company didn’t justify the emphasis of the refurbishment— and the amount of resource put it calls into the question forming age-long doubts.

The beef with Atomic Wallet sparked mightily on Twitter, where Ouriel Ohayon, CEO of the crypto wallet company ZenGo confronted Atomic Wallet on this regard for more specification on the endorsed safety update conducted; a disturbance echoed by many people, entailing other declaring Atomic of skulking the incident and the others deterring the company for not divulging the other noticeable necessities.

Robert Wilson author
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