Atomic Wallet exploited, users report loss of entire portfolios
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
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Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
The attacker used the lack of slippage control over tokens to steal the funds.
A total of 517,000 token votes favored the proposal, with none opposing it.
The executive appears to have now recovered his account.
DeFi saw another multimillion-dollar rug pull this past week, and the Multichain saga continues to spiral out of control.
The Paraspace CEO and consultants accused each other of mismanaging funds with the Paraspace team asking the CEO to step down publically.
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role.
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.