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AToken Wallet Users Report Cases Of Stolen Funds

The AToken Wallet’s consumers are frequently reporting cases involving the stealing of their funds. SlowMist – a company for blockchain security – disclosed that an attack was being performed on the wallet due to which the users were compelled to shift their funds. Has been reported by the security company SlowMist that, per a Twitter post shared on 6th February, a massive attack targeted AToken Wallet. The team at the platform asserted that the funds of the consumers utilizing AToken Wallet had been secretly shifted out of their accounts and the respective process did not stop.

AToken Wallet hack

On the official Twitter account of AToken, a tweet was shared on 20th December of the previous year, in which it asked about blocking the operation. The respective tweet asked the customers not to access their funds with AToken by 24th of 2021’s December, in the area where the standards were not being complied with by it. In addition to this, it noted that any of the losses after the deadline would be the responsibility of the consumers. In the words of SlowMist, the team of AToken did not respond over the Telegram channel to the customers asking about stolen funds.

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The security company persuades the wallet’s consumers to shift their funds to some secure wallets along with taking some of the precautions. Particularly, the consumers have been asked not to utilize the wallets that incorporate AToken or the things that are produced by it such as private keys or mnemonic words. Moreover, It recommends that the people who are affected or can be affected should record the address of the hacker as well as the timestamp to be adequately assisted in detecting and recovering the stolen funds.

The chances for relatively better security during 2022

During recent months, several reports regarding the stolen funds have been circulating across the crypto venues and crypto services. Meter underwent a hack of the cross-chain bridge with the drainage of nearly $4.4M worth in crypto whereas Vulcan Forged – a marketplace for NFTs – witnessed a theft of $100M worth in PYR.

Indeed, The hackers are now focusing on marketplaces and NFTs to capitalize on the popularity of these fields. The NFTs from the Board Ape series saw almost $2.2M stolen over OpenSea (and NFT marketplace) which then froze the respective transactions. This move was highly condemned by the community, stating that it did not show the decentralized community’s spirit.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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