The crypto wallet, Atomic is facing a class action lawsuit from a group of investors who lost their assets in the wallet’s hack in June.
The German news publication, IntelliNews reports that the group, including several high-networth individuals from Russia and CIS, has launched the lawsuit against Atomic wallet which did not disclose much information on the hack.
While the hack was reported on 4th June, the group claims that the company has not yet performed any technical investigation and it did not give any information to users.
The lawsuit is coordinated by German lawyer Max Gutbrod and Boris Feldman, the co-founder of Moscow-based law firm Destra Legal. Max Gutbrod told the source publication that their clients lost approximately $12 million in the Atomic hack.
“We are working on recovering the assets for our clients and we will be filing a class action against Atomic Wallet,” Gutbrod says, adding “They didn’t give our clients any information about the hack or go to the police to report it.”
As the hack was supposedly executed by North Korean hacker group Lazarus, Feldman suggests that the attack is done by an Ukrainian hacker group.
Atomic Wallet was targeted by hackers with it drained for an then-estimated amount of approximately $50 million. Hackers stole funds from over 5,500 wallets which includes assets like Bitcoin (BTC), Ether, Tether USDT, Dogecoin, Litecoin, BNB and MATIC.
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