- Cryptocurrency investors have filed a lawsuit against the Atomic Wallet after it lost $100Million in Mid-June
- Atomic Wallet did not report the incident to the police
- The managers insist that only 0.1% of the users were affected
Investors who filed a class-action lawsuit against Atomic Wallet claim that they did not report the incident to the police. The plaintiffs include members of the Commonwealth of Independent States as well as high-net-worth investors from Russia.
The lawyers on the case are Max Gutbrod and Boris Feldman. Gutbrod is a German lawyer while Boris is the co-founder of the Destra Legal Firm in Moscow. Gutbrod made it clear that they are representing up to 50 clients who lost a total of $ 12 million when the attack happened. He also said that they are striving to recover the assets their clients lost.
The breach in the Wallet systems took place in mid-June. The management didn’t take the initiative to report the matter to the police. The attack affected up to 5500 accounts that are supported by the wallet. A few firms such as Elliptic managed to trace the culprits. They believe that it was a North Korean group of cyber criminals named Lazarus which has been known for sealing billions in crypto assets.
Also Read: Atomic Wallet Hacked, Users Lost Entire Portfolios
New reports have suggested otherwise with Feldman suggesting that a Ukrainian group led the attack. Destra Legal and Match Systems had been carrying out investigations and they linked the attack to a few groups of Ukrainians.
The Probable Causes Of The Attack According To Atomic Wallet
Atomic Wallet said that there were four possible causes of the attack. They included:
- A virus located in the devices of the users
- A breach in the infrastructure
- An injection of malware in the code
- A man-in-the-middle attack
It is worth noting that the operations resumed normally after the attack occurred with Atomic Wallet emphasizing how only 0.1% of the users were affected.
Discussion about this post