Wallet and blockchain

Is Atomic Wallet and is team@blockchains-support.com legitimate?

Hey there,

Thanks for your message. Atomic Wallet is not a scam, but it does have some concerns and risks associated with it.

Legitimacy and Security

  • Regulation: Atomic Wallet is a non-custodial, decentralized wallet, meaning it doesn’t hold your private keys. Users have full control over their keys, which are stored locally on their devices and encrypted​.
  • Security Features: It employs several security measures, including AES encryption, a 12-word backup phrase, and password protection. The wallet supports over 1000 cryptocurrencies and offers features like staking and atomic swaps​.

Concerns

  • Security Breach: In June 2023, Atomic Wallet was hacked, and over $35 million was stolen. This incident has raised concerns about the security of the wallet, although it’s worth noting that no security system is completely foolproof.
  • Not Open Source: The wallet’s code is not open for peer review, which means the community cannot verify its security independently. This lack of transparency can be a concern for some users​.

Unfortunately, I was unable to verify the validity of the email you sent, however, please keep in mind the following:

  1. Never share your 12 words with anyone. Members of Atomic Wallet Team will never contact you first or ask for your 12 words, private keys or money.
  2. Do not open any links, go to any websites or fill-in any Google forms. They only have one official website https://atomicwallet.io.

I hope this helps.

Best wishes,
Andris