A recent cyberattack on Atomic Wallet, a popular cryptocurrency wallet service, resulted in the theft of $35 million worth of digital assets from its users.
Atomic Wallet acknowledged the hack
Elliptic's Investigations Team reported that Sinbad.io is likely a rebranded version of Blender.io, another mixer that was sanctioned by the U.S. Treasury Department for laundering over $100 million in crypto assets stolen by the Lazarus Group. Crypto mixers are services that obscure the origin and destination of cryptocurrency transactions by randomly mixing them with other transfers.
Atomic Wallet acknowledged the hack on June 3 and claimed that it affected less than 1% of its monthly active users. It also advised its users to report the illicit transfers to the most popular crypto exchanges, which could prevent the hackers from exchanging their funds. However, Elliptic's findings suggest that it may be too late for many victims, as their funds are already being mixed and laundered through Sinbad.io.