Atomic Wallet hacker used cryptomixer popular with North Korean hackers

Atomic Wallet hacker used cryptomixer popular with North Korean hackers

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Author: Robert Strickland (crypto-journalist)
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Atomic Wallet hacker used cryptomixer popular with North Korean hackers
Atomic Wallet attacker used Sinbad.io cryptomixer, popular with North Korean hackers, to launder stolen funds
A representative of the attacked cryptocurrency wallet said his team is "doing everything possible" to recover the stolen funds, and advised victims of the incident to track the hacker's transactions themselves

The Atomic Wallet cryptocurrency hacker who stole about $35 million in user funds used a cryptomixer called Sinbad.io, popular with North Korean hackers, to launder stolen funds, Elliptic blockchain analysts said.

Atomic Wallet, a cryptocurrency service for non-custodial storage of digital assets, was hacked in early June.

Elliptic found out that the hacker started transferring funds via Sinbad.io, a transaction anonymization service used by the North Korean hacker group Lazarus Group. Hackers from North Korea laundered more than $100 million through the service.

The Atomic Wallet team is "doing everything they can" to recover the stolen funds, but creating a concrete plan is possible only after the investigation is complete, Atomic Wallet marketing director Roland Sede told Cointelegraph.

According to him, having victims of the attack track and report illegal transfers to cryptocurrency exchanges could prevent scammers from withdrawing funds. For its part, the site does, because "the more attention hackers get, the harder it is for them (the funds) to move them," Sede said.

According to Atomic Wallet, the hack affected "less than 1%" of the service's monthly active users, and the attack was stopped on Saturday, May 3. But users on Twitter responded with screenshots showing that their funds were stolen even after that time.

 

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