On-chain Researcher ZachXBT Helps Atomic Wallet Victim Recover $1M

• Numerous customers have reported losing money in contrast to the firm’s claim.
• The details of the recovery method, however, have not been revealed.

Less than one percent of Atomic Wallet’s monthly active customers were affected by the theft that stole $35 million from consumers since June 2, as per the claim by the firm. Atomic Wallet, in conjunction with independent blockchain investigators, has increased its efforts to trace and recover stolen cash after the incident.

In an effort to profit from the uproar, a small number of verified fraudulent Twitter accounts falsely claimed to represent Atomic Wallet by spreading phishing links that would assist customers in retrieving their stolen assets.

Recovery Method Not Disclosed Yet

Furthermore, on-chain researcher ZachXBT claimed to have assisted a victim in recouping $1 million. The details of the recovery method, however, have not been revealed; ZachXBT “Will share in time but best not to yet.”

A huge shoutout goes to @buffalu__ @brian_smith_0 for helping us successfully rescue $1m from the Atomic Wallet hacker for one of the victims.

— ZachXBT (@zachxbt) June 4, 2023

Numerous customers have reported losing money despite the notification made by Atomic Wallet. The community also criticized the business for trying to minimize the impact.

According to the findings of ZachXBT’s study, one person lost a total of $7.95 million in Tether on the Tron blockchain during the Atomic Wallet breach. The most recent report indicates that $17 million has been lost due to the top five losses.

On the other hand, the twitter account of Peter Schiff, an outspoken opponent of cryptocurrencies and advocate for gold, was compromised and used to promote a bogus gold coin scam. To enhance the Web3 community and bring together the realms of fiat and digital money, the hacker used Peter Schiff’s Twitter account to announce the official release of Gold, a cryptocurrency asset.