A collective of 50 Russian customers of the non-custodial decentralized wallet – Atomic Wallet – have reportedly launched a class action lawsuit against it after becoming victims of a recent $100 million exploit. 

Some believe the North Korean hackers – the Lazarus Group – were responsible for the heist. However, Boris Feldman (who coordinates the victims’ efforts) thinks there might be Ukrainian involvement in the attack.

Working on Recovering Lost Assets

According to recent coverage, the fallen Atomic Wallet users have collaborated with the German lawyer – Max Gutbrod – and the co-founder of Moscow firm Destra Legal – Boris Feldman. The former said they represent around 50 clients who have parted with anything between $150,000 and $2 million. Their overall losses equaled approximately $12 million.

“We are working on recovering the assets for our clients, and we will be filing a class action against Atomic Wallet. They didn’t give our clients any information about the hack or go to the police to report it,” Gutbrod stated.

In addition, Destra Legal has partnered with blockchain analysis experts Match Systems to conduct a separate investigation on behalf of the aforementioned victims. 

Initially, the North Korean hacking collective was rumored to stand behind the Atomic Wallet exploit, where bad actors drained approximately $100 million in digital currencies. Feldman, though, has a different opinion, suggesting that Ukrainian hackers could have a hand. 

It is worth mentioning that the employment of cryptocurrencies has surged in both Russia and Ukraine after the start of the military conflict in February last year.