<![CDATA[<figure class="image"><img src="https://cimg.co/news/123220/325957/gavel-7538565-1280-media-.jpg" alt="" srcset="https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_1280_803.jpg 1280w, https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_1200_753.jpg 1200w, https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_900_565.jpg 900w, https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_720_452.jpg 720w, https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_600_376.jpg 600w, https://cimg.co/news/123220/325957/responsive-images/gavel-7538565-1280-media-___media_library_original_300_188.jpg 300w" sizes="100vw" width="1280" class="content-img"><figcaption>Source: Pixabay</figcaption></figure>A number of Atomic Wallet investors have filed a class action lawsuit against the company over its failure to disclose information about the hack which resulted in $100 million.According to a <a href="https://www.intellinews.com/russian-investors-launch-action-after-being-stung-in-100mn-crypto-heist-288989/?source=russia">report</a> by German BNE IntelliNews on Aug. 21, the plaintiffs make up high network individuals from Russia and the Commonwealth of Independent States.Their claims among others rest on the company&rsquo;s inaction to share proper information about the incident with them and the failure to furnish the police department with the same information.Leading the legal team, Max Gutbrod, a German lawyer, noted that the firm represents about 50 clients who lost $12 million to the incident.&nbsp;<blockquote>&ldquo;We are working on recovering the assets for our clients and we will be filing a class action against Atomic Wallet. They didn&rsquo;t give our clients any information about the hack or go to the police to report it.&rdquo;</blockquote>Although the firm did not clarify the reason for the hack, it listed possible threats that led to the incident opening up channels for various speculations from digital asset observers.&nbsp;According to the firm the four likely scenarios include; a man-in-the-middle assault, a direct breach of infrastructure, a virus on user hardware, and a malware code.&nbsp;In addition, the firm added that the hack directly affected 0.1% of their users. The wallet&rsquo;s future comes under scrutiny with this lawsuit and new revelations concerning non-disclosure.&nbsp;Another reason that uneased investors was the Wallets restarting operations after some time without making the required disclosures as investors claim.<h2 id="what-happened-to-atomic-wallet">What happened to Atomic Wallet?</h2>In June, Atomic Wallet was hit by an <a href="https://cryptonews.com/news/atomic-wallet-users-lose-over-100-million-in-crypto-breach.htm">exploit</a> that resulted in a $100 million loss. About 5,500 users of the non-custodial cryptocurrency wallet were affected by the hack which has been linked to the North Korean Lazarus Group.Although the Lazarus group is widely <a href="https://cryptonews.com/news/new-report-north-koreas-cyber-army-allegedly-stole-3-billion-crypto-fund-nuclear-program.htm">believed</a> to be responsible for multiple hacks leading to losing running into billions, the lack of clear explanation by the company has left several sources pointing fingers at other bad actors.&nbsp;Boris Feldman, the co-founder of Destra Legal, a lawyer for the plaintiffs in the case believes the attack was the product of a Ukrainian group.According to him, his firm has worked with Match Systems, a blockchain analytics company that conducted its investigation with the investors and found &ldquo;traces of involvement among Ukranian hacker groups.&rdquo;<figure class="media"><oembed url="https://twitter.com/misttrack_io/status/1671056400410382342?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure>According to MistTrack, bad actors responsible for the incident used multiple cross-chain protocols like Thorchain to <a href="https://cryptonews.com/news/atomic-wallet-hackers-hide-35-million-stolen-crypto-funds-using-thorchain-heres-what-you-need-know.htm">conceal</a> gains making it difficult to track.&nbsp;
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Atomic Wallet Investors Files Lawsuit For “Non Disclosure” Following $100 Million Hack

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Cryptonews.com

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