A Non-Custodial wallet, Atomic Wallet, being compromised

[virasog]

They made an update to June 3rd Event Statement the other say.
Still says  'not our fault, looking in to it'
https://atomicwallet.io/blog/articles/june-3rd-event-statement

I'm guessing that they hope it just quietly fades away and drops from peoples memories.

-Dave

And still no update. Really wonder if they are looking into it or hoping it goes away.
Since people are still using it and talking about using it and so on, I guess people don't care about their crypto.

If you want to use a wallet like this how about I just post a bunch of addresses that belong to me and I'll send you some crypto back later if I feel like it.
If not I'll just keep it. Seems to be the same service as Atomic.

-Dave

I really do not understand the affiliation of the people with atomic wallet who are still using it ? Or maybe they are not aware of this vulnerability in the atomic wallet  

We are not short of Non-Custodial wallets in the market that we have no option but to use the Atomic wallet  

The one who knows about the history of atomic wallet and still does not quit it, i am sorry that they have no idea how to protect their assets. They will only learn lessons once they themselves lose their money.

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[DaveF]

They made an update to June 3rd Event Statement the other say.
Still says  'not our fault, looking in to it'
https://atomicwallet.io/blog/articles/june-3rd-event-statement

I'm guessing that they hope it just quietly fades away and drops from peoples memories.

-Dave

And still no update. Really wonder if they are looking into it or hoping it goes away.
Since people are still using it and talking about using it and so on, I guess people don't care about their crypto.

If you want to use a wallet like this how about I just post a bunch of addresses that belong to me and I'll send you some crypto back later if I feel like it.
If not I'll just keep it. Seems to be the same service as Atomic.

-Dave

But i would count this blog (which updated on October 19 without creation date) as an update, https://atomicwallet.io/blog/articles/2m-of-suspicious-deposits-frozen-on-centralised-exchanges. But it's rather vague and there's no mention whether the victim receive their coin back. And assuming that blog is being truthful and accurate, it's interesting the hacker use combination of bridge, exchange and mixer to hide trace.

It still does not tell what happened. That is IMO still the issue.
Even a 'we don't know and are still looking into it' is better then this.
Was it on their end in terms of the servers. Was is on the app end? Was it a malicious library / supply chain attack?

So now according to them some funds are frozen. Great. What is the next step? Do they have a next step?

-Dave

[DaveF]

Just as an FYI:

https://www.coindesk.com/policy/2023/11/29/crypto-mixer-sanctioned-by-us-treasury-for-north-korea-allegations-as-fbi-and-finish-police-seize-website/
https://www.elliptic.co/blog/analysis/35-million-atomic-wallet-hacker-funnels-crypto-to-north-korea-s-favored-mixer


But still no real info coming out of atomic about what happened or how it happened.

-Dave

[Cricktor]

But still no real info coming out of atomic about what happened or how it happened.

That should already tell something and it's not good news. How many months have already passed? I lost track and kind of don't care anymore, too. I don't expect any honest statement of truth from Atomic, anyway.

Atomic is either itself incapable or incompetent to execute own investigations or too cheap to pay a capable forensic company to do it for them OR they know what happened and have chosen to keep the facts burried under a pile of silence and nonsense bits of "news" about it.

With such a post-mortem handling policy Atomic has forfeited all trustworthiness in my opinion. I wouldn't use this wallet anymore and ever again. I used this wallet only briefly to collect fork coins of older Bitcoin UTXOs a few years ago and I moved my coins out of this wallet quickly and long before the last incident happened.

[airbin]

You're absolutely right, but it's not the idea to say I'm not interested, the collective interest is necessary for the support of the entire crypto ecosystem, a response to what happened has to be demanded, That allows support for the crypto environment, entrepreneurs, and end-users.

[Pmalek]

<Snip>

I wouldn't get my hopes up that Atomic Wallet will release any comments, especially anything that makes them look bad or guilty. I don't doubt they have money for advertising and they will spend it to keep showing their wallet in good light. Crypto users quickly forget. Blind them with an airdrop or two, a special deal, or perhaps an NFT with promises of huge profits in the future, and many of them will come back to using Atomic Wallet, having forgotten all about this incident a long time ago.

[hugeblack]

Crypto users quickly forget. Blind them with an airdrop or two, a special deal, or perhaps an NFT with promises of huge profits in the future, and many of them will come back to using Atomic Wallet, having forgotten all about this incident a long time ago.

such topics will not appear first when searching, these wallets do not give any warnings, and there is no guarantee that they have fixed everything. Therefore, good marketing in this industry is able to cover up software failures, and unfortunately some will return to using the wallet with the increase in the price of Bitcoin. I only hope that these topics will have more discussion on social media.