After the Atomic Wallet statement, more questions than answers were raised.
Despite releasing a comprehensive narrative concerning the June security exploit, Atomic Wallet has not satisfied its user base who seek more details about the incident.
The debacle, which some speculate resulted in a hefty loss of up to $100 million, has been met with limited transparency from the decentralized wallet provider.
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On June 21st, Atomic Wallet presented its first substantial communication since the security breach occurred on June 3rd. In a blog post, the company confirmed that after detecting the exploit, no further verified instances of security compromise have occurred.
Atomic Wallet has consistently maintained that the security incident impacted fewer than 0.1% of its application users. This claim was initially stated in a June 5th tweet, which has since been removed. Many in the online community continue to contest this figure.
In an attempt to shed light on the origins of the exploit, Atomic Wallet laid out four potential causes. These include a breach of infrastructure, an injection of malicious code, a virus on user devices, or a man-in-the-middle attack.
The company emphasized that none of these theories have been definitively linked to widespread security breaches. Nevertheless, Atomic Wallet announced that it had updated its security infrastructure. Furthermore, Atomic Wallet disclosed that it is working on an application update to enhance its security features.
Yet, certain elements of the June 21st announcement have led to more questions. Yevhenii Bezuhlyi, formerly head of the smart contract audit at cybersecurity firm Hacken, inquired about the identity of the "external auditors" and where users could find their statements.
CEO of wallet provider ZenGo, Ouriel Ohayon, questioned the reason behind Atomic Wallet's security infrastructure update, asking what prompted such action.
Many have pointed out the broad range of possible exploit causes presented by Atomic Wallet as proof of the company's lack of clarity about how the security breach occurred.
Atomic Wallet claimed that it was working hand in hand with blockchain analysis firms Chainalysis and Crystal Blockchain to investigate the security breach.
While Atomic Wallet has provided a detailed report of the June security breach, many questions remain unanswered. The lack of transparency surrounding the incident has left users and industry professionals dissatisfied, calling for greater clarity.
