A cyberattack on crypto wallet Atomic Wallet has resulted in at least $35 million worth of crypto assets being stolen since June 2, according to ZachXBT, an independent\u00a0 on-chain investigator known for tracing stolen crypto funds and assisting with hacked projects. The five most significant losses account for $17 million.\u00a0\u201cThink it could surpass $50m. Keep finding more and more victims sadly,\u201d said\u00a0 ZachXBT, in a tweet.The biggest victim of the Atomic Wallet was an individual who reportedly lost $7.95 million in the cryptocurrency tether.\u00a0Atomic Wallet is a crypto wallet that is used for buying, staking, and exchanging bitcoin, ethereum, XRP, litecoin, USDT, and over 1,000 other coins and tokens. The company claims it has over five million users worldwide.Atomic Wallet investigating the attackAtomic Wallet said on June 3 that it had received reports of compromised wallets and had begun investigating the issue.\u201cWe have received reports of wallets being compromised. We are doing all we can to investigate and analyze the situation. As we have more information, we will share it accordingly,\u201d Atomic Wallet said in a tweet.\u00a0The following day, the company said it was working with third-party security companies to investigate the incident and block the stolen funds from being sold on different crypto exchanges.\u201cAt the moment less than 1% of our monthly active users have been affected\/reported. The last drained transaction was confirmed over 40h ago,\u201d the company said in an update tweet on June 5.\u00a0\u201cSecurity investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds,\u201d the company said in the tweet.\u00a0Meanwhile, the company is advising users to visit its website and sync\u00a0their wallets with their private key or seed phrase.\u00a0It is also asking users to forward their wallet addresses to various exchanges to recover and block stolen funds.\u00a0\u201cWe are partnering with exchanges to recover stolen funds. Please forward that address to a list of all the exchanges and make sure to explain the situation,\u201d the company said on its Telegram channel and shared the list of exchanges along with their mailing addresses.Atomic Wallet is a noncustodial, decentralized wallet. This means users are responsible for assets stored in the application. Its terms of service specify that it accepts no liability for on-chain damage users suffer.Twitter users research and collaborate\u00a0The earliest recorded malicious transaction date was June 2 2023 at 21:45 UTC, according to an independent security researcher, Tay, who tweeted a short analysis of the attack.\u00a0In the on-chain drain, each token and the base asset was swept from the victim\u2019s address to a new one. The hacker then swaps all the tokens for the base asset via applicati9ons such as Uniswap or SunSwap. Then the hacker sweeps that base asset balance to another new address, according to Tay.In a tweet, ZachXBT claims to have rescued $1 million from the atomic wallet for one of the victims. \u201cA huge shoutout goes to @buffalu__, @brian_smith_0 for helping us successfully rescue $1m from the Atomic Wallet hacker for one of the victims,\u201d ZachXBT tweeted.