Atomic Wallet says it has frozen $2 million worth of crypto on centralized exchanges after hackers looted more than $100 million from the company’s users in June.
The non-custodial, decentralized wallet company faced online backlash in the months after the hack for remaining vague about the details of the attack, which several crypto researchers have attributed to the Lazarus Group, a North Korean hacking collective.
Elliptic, a blockchain analytics and compliance company, has independently tracked the compromised crypto wallets and estimates that more than $100 million worth of crypto has been stolen.
A group of Russian investors also launched a class-action lawsuit against Atomic Wallet in August, claiming the company failed to give them information about the hack or report it to police, according to a report.
Atomic Wallet said it managed to freeze the $2 million thanks to a “remarkable show of resilience and unity within the crypto community,” although the company did not disclose any information about the potential recovery of the $98+ million in stolen crypto that remains looted is. .
“Atomic Wallet is cooperating with law enforcement authorities in ongoing investigations regarding this matter. Due to this ongoing investigation, we can only share some of our findings with the public.”
The company says reports from the blockchain analytics firms it hired show that the stolen funds were shunted to the Bitcoin (BTC) blockchain, then sent through a mixer and ultimately onto the Tron (TRX) blockchain and the Bitcoin network arrived.
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