The $100 million million hack of AtomicWallet is being investigated by the police in Estonia and Kazakhstan, baidakova reports.
“We forwarded the request to the Estonian police and Chainalysis, to whom we provided all the information needed for investigation,” Gladych said. “We’re also providing data from the victims to [the blockchain analytics companies] Crystal Blockchain and Elliptic. Exchanges and OTCs use them to stop suspicious transactions,” he added.
The wallet might have been sending copies of users’ private keys to the company’s server, Budorin said. Another possibility is that Atomic generated recovery phrases for its wallets that were not random enough, so the hackers could “brute-force” the wallets. There is also a chance the hackers derived private keys from Atomic users’ transaction data or breached the wallet manufacturer’s infrastructure, Budorin said.
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