2 entries tagged “wallet”.
More than $100M was drained from users of the non-custodial Atomic Wallet beginning June 3, 2023, affecting 5,000+ wallets. Elliptic attributed the theft to North Korea's Lazarus Group based on laundering patterns; the root cause was never fully disclosed.
A wallet-based Ponzi scheme that operated mainly in China and South Korea (2018–2019), promising high returns. Estimates of funds taken range from about $2 billion to over $4 billion; Chinese courts convicted ringleaders in 2020.
