June 5, 2023 at 14:05 GMTModified date: June 5, 2023 at 14:05 GMT
June 5, 2023 at 14:05 GMT

Atomic Wallet: “No evidence on inside job”

Following an Atomic Wallet hack that drained more $35million from users last Friday, the company has now addressed fears that the hack was a scam by developers.

Atomic Wallet: “No evidence on inside job”

An Atomic Wallet hack that drained more $35million from users last Friday has affected less than 1% of its monthly active users, the company said today. It has also since addressed fears that the hack is possibly a scam by developers.

Atomic Wallet had earlier claimed that they have been investigating and attempting to track the stolen funds.


Meanwhile, ZachXBT, an on-chain researcher has claimed to have recovered $1m in lost funds for one victim. However, ZachXBT has not clarified how this was done and has stated “Will share in time but best not to yet.”

ZachXBT’s findings state that the largest amount lost by a user in the hack was $7.95m in USDT on the Tron blockchain. ZachXBT also pointed out phishing scams in Atomic Wallet refund tweets.

In another tweet, ZachXBT has revealed: “Some things to note about this hack. Largest single victim I have observed is for 2.8M USDT. Multiple other losses for 6 figures across different chains. Thanks to all of the victims who have messaged me their transaction hash. The root cause is still tbd.”

In spite of Atomic claiming that the last drained transaction with “40 hours ago”, several more users have seemingly come forward claiming that they very recently lost funds in the hack. One tweet claims: “Liars I was drained <24hr ago Everything I ever had to invest gone. Years of my life! Somebody help.”

There has also been claims that the hack was a scam. Whalechart, which has more than 325k followers, has posted: “Atomic Wallet had a malicious update that sent your private keys to an attacker once you open the app. People now believe it’s a scam by the developers.”

In the past hour, Atomic has since replied: “Security investigation is still ongoing. Nothing confirmed yet. No evidence on inside job or so. Please don’t mislead people.”

The situation continues.