Stolen Crypto From Atomic Wallet Sending To Crypto Mixer Sinbad

After any hack and exploit, the team always tries to do its best to recover the stolen funds. Sometimes they offer the hackers to send a certain portion of the funds and keep the rest as a bounty. It is luck if the stolen crypto assets are refunded. Blockchain security analysts can trace and track the stolen funds and provide valuable information.

Atomic Wallet was exploited and hacked recently. According to blockchain compliance analytics firm Elliptic, hackers sent stolen funds from hacking Atomic Wallet to the crypto mixer Sinbad.io, which is associated with North Korea’s notorious Lazarus Group.

Hackers converted stolen crypto into Bitcoin before sending it to the crypto mixer. However, Elliptic did not define how much crypto was laundered via the crypto mixer Sinbad.io. $35 million worth of crypto assets were hacked from this attack. According to Atomic Wallet, less than 1% of active monthly users of the wallet were affected by this hack.

It seems less when you pay attention to 1% of affected users. But some users claimed to lose their entire crypto portfolio. It appeared that hackers targeted wallets having more crypto assets. One user lost $7.95 million and that is a huge amount. So some users lost way more and that puts them in a terrible situation.

When you become a victim of hacks, you become desperate to get some help. Some scammers tried to exploit and take advantage of this situation as well. They impersonated Atomic Wallet to spread phishing links on Twitter pretending to support victims.

Victims are already in trouble. Those scammers tried to get them to fall into more trouble. Pretty sad! I was wondering whether hackers would get away with stolen funds like this. The Atomic Wallet team still works with experts and major crypto exchanges to track and block the funds.

Before making the decision to use any crypto wallet, doing your research and analysis is a must. You just randomly choose a crypto wallet and think that's safe. I think that's the first mistake. You have to spend your time choosing your crypto wallets that can ensure the safety and security of your crypto assets.

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