Atomic Wallet Detected An Attack

Key Points:

• Atomic Wallet team has received reports of wallets being compromised.
• They are investing and analyzing the situation.
• Atomic Wallet will help users simplify managing, synchronizing, and using assets, but this can easily lead to being compromised.

Atomic Wallet announced that it had received complaints of hacked wallets and is investigating and analyzing the problem.

According to SlowMist, given that the official website has just undergone a big version change, it might be a supply chain assault (hackers tamper with the software source code on the server for ordinary users to download).

“We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly,” the team said on Twitter.

Atomic Wallet is a decentralized wallet that will store all the private keys of the wallets completely internally on the user’s device, which will be much more beneficial than hosting directly on the server, which will help reduce the risk of being attacked.

It is developed and can work perfectly on multiple platforms, from computers to mobile devices, even Windows, macOS, Android, and Linux. This flexible compatibility will make transferring and receiving assets faster and more flexible.

A multi-purpose wallet like Atomic Wallet helps users simplify the process of managing, synchronizing, and using their digital assets in a very flexible way besides a variety of Web3 wallet applications such as Metamask, Trust Wallet, or other wallets.

Atomic Wallet users have complete control over their private keys, which are often encrypted and saved on their devices, providing them full custody of their cash. In terms of security, the wallet has earned a reputation in the cryptocurrency market since no security breaches have been reported. Atomic Wallet needs users to provide their passwords in order to approve any transactions.

Users may retrieve their accounts using a 12-word backup seed phrase created at random when they initially set up their Atomic wallets. Despite the fact that the wallet’s programming code is not accessible for peer review (it is not open-source), the platform provides users with tools for securing their wallets. One such site emphasizes the significance of using a Virtual Private Network to access the wallet (VPN). A VPN is a network that provides privacy and anonymity by converting a public network into a private network.

Atomic Wallet is at the forefront of privacy and anonymity. To access money kept in the wallet, no verification or KYC norms are required. This increases the risk of being compromised by malicious actors.

Although the wallet does not create a new address for each transaction and does not support coinjoin, transactions are completely anonymous. A wallet must support transaction anonymization techniques in order to allow coinjoin transactions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News