Users of Atomic Wallet lost their entire funds in a recent exploitation. Users on Twitter reported that they had found their crypto portfolio completely empty. In Atomic Wallet, users have full control of their assets, and they are the ones who are responsible for the assets stored in it.

On June 3, the Atomic team confirmed that they had received reports of wallets being hacked and that they are doing everything possible to solve the problem.

“We have received reports of wallets being compromised. We are doing all we can to investigate and analyze the situation. As we have more information, we will share it accordingly,” the tweet stated.

In this tweet, many users are showing concern about all their funds being stolen from their wallet’s digital app through the comments.

However, it has now been reported that ZachBTX, an on-chain sleuth known for tracing stolen funds and hacking projects, is also participating in this investigation. As of the press time, no clues have been reported regarding how this hacking was executed. Atomic Wallet claimed to have over five million users, but it remains unclear how many of them have been affected by the exploit.

Some of the users are pointing fingers at the Atomic Wallet for not being responsible for protecting their funds. One of them wrote:

“God damn, All of my hard working money has been vanished from atomic wallet only!!!! This is your responsibility to secure the funds, What will happened to our funds? please do not copy paste anything here! just give all clear answer, Many users are faced with this today!!”

Shockingly, users of this wallet claimed funds in the Atomic Wallet have also been stolen in the past. One user claimed his Bitcoin was stolen six months ago. In a response tweet, the user urged investors to exit the cryptocurrency. Another user claimed he reported the breaching a year ago.

This hack has raised more concern about crypto wallet hacking recently. Jimbos Protocol, a Decentralized Finance (DeFi) app, was hacked on May 28. This resulted in a loss of 4,000 Ethereum, worth around $7.5 million. Before that, a decentralized crypto mixer, Tornado Cash, became the victim of the hacking. The attacker gained control of the protocol’s governance by granting 1.2 million votes to a malicious proposal on May 20.

According to the United Nations, cryptocurrency’s lost value reached a new high last year. Investors around the world lost an estimated $640 million in crypto in 2022 alone. In the same way, total money lost in cryptocurrency hacks is estimated at $2.3 billion from 2017 to 2022. In that period, Japan alone lost around 30% of this value. In the crypto hacking scandal, North Korean hackers have allegedly been involved.

According to the analysis from TRM Labs, the number of hacking incidents is still same in the first quarter of 2023. However, the average size of the hacks decreased to $10.5 million from approximately $30 million in the same period in 2022.