Atomic Wallet Hack: Fake Refunds Lure More Victims

The recent Atomic Wallet compromise has seen a single user lose $8 million, with scammers luring more victims.

Woman with a digital void for a face, waiting for a bomb to explode on an Atomic Wallet. She has her fingers in her ears in anticipation of the explosion.
Created by Gabor Kovacs from DailyCoin
  • Over $35 million in cryptocurrency was stolen from Atomic Wallet users.
  • A single user lost $8 million in the hack.
  • Fake refunds are being used to lure more victims.

In the aftermath of the Atomic Wallet hack, a new threat has emerged: scammers. These opportunistic individuals exploit the chaos and confusion surrounding the hack to victimize the already affected users further. 

The hack, which occurred on June 2, 2023, has led to over $35 million in losses for the crypto community. While the hack affected less than 1% of Atomic Wallet’s monthly active users, individual losses were significant. According to on-chain data, the largest single victim lost $7.95 million in USDT.

Scammers Offer Atomic Wallet Fake Refunds 

The hack, which is still under investigation, has contributed to panic and confusion among the Atomic Wallet community. Unfortunately, scammers have seized the opportunity to try and lure potential victims. 

Twitter accounts, including verified ones, have been impersonating Atomic Wallet, sharing phishing links that claim to help users recover their lost funds. 

Some of these accounts link users to fake websites, which prompt users to connect their wallets. Once victims connect their wallets, any funds they have in them are lost. 

Atomc Wallet refund scam.
Source: Screenshot.

The scam operates by promising victims a way to recover their stolen assets. However, instead of providing help, these links lead to further losses. The scammers capitalize on the victims’ desperation and lack of information, luring them into another trap. 

Atomic Wallet, the company behind the decentralized wallet, revealed they are investigating the situation. The company said they were working with centralized exchanges to block the stolen funds. 

On the Flipside

  • The community has called out Atomic Wallet for trying to downplay the impact of the hack, with numerous users continuing to report loss of funds. 
  • Atomic Wallet has not revealed how the hacker managed to compromise its wallet. 

Why This Matters

While scammers apparently targeted large accounts, Atomic Wallet owners with smaller balances are still at risk. Users should transfer their funds as soon as possible.

Read more about another high-profile hack that happened on the same day: 

Another Rug Pull? Ben.ETH-Linked Token Drained of $100K

Read more about crypto hack trends: 

More Than $3B in Crypto Was Stolen in Hacks This Year

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.