$35 Million That Have Been Stolen From Atomic Wallet's Users Are Being Laundered Through sinbad.io

According to on-chain detective ZachXBT, the hacker stole $35 million from many Atomic Wallet users. The $35 million lost including $7.95 million in USDT. The five largest lost value $17 million. The single largest lost was $2.8 million.

Elliptic on Twitter: "Analysis of the ongoing Atomic Wallet hack, from our new Investigations Team account.

On June 5, blockchain compliance analytics firm Elliptic reported $35 million have been hacked from Atomic Wallet users were sent to a crypto mixer website called sinbad.io as a part of money laundering by the hacker.

Elliptic’s investigations team is tracking the transactions, and found out that the stolen funds are being swapped for Bitcoin, before being laundered through the sinbad.io mixer.

 Crypto mixing services have been used by many hackers for money laundering.

Atomic - Crypto Wallet on Twitter: "Atomic is committed to helping as many victims of the recent exploit as possible. We’ve engaged @chainalysis a leading Crypto Incident Investigator. To trace stolen funds and liaise with exchanges and authorities." / Twitter

Latest update from Atomic Wallet on June 8 stated that Atomic Wallet is cooperating with @chainalysis, a leading Crypto Incident Investigator. They are currently tracking where the stolen funds go.