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Latest Crypto News: Atomic Wallet Probes Hacking Attack, GameStop Partners With Illuvium For NFT Collection

Here are some of the latest developments in the crypto world over the past few days

Updated on: 6 June 2023 9:55 am

Latest Crypto News: Atomic Wallet Probes Hacking Attack, GameStop Partners With Illuvium For NFT Collection

Many users have claimed to have lost access to their crypto assets stored in the Atomic Wallet?due to a possible hacking attack. Meanwhile, the developer has launched a probe.

Atomic is a noncustodial decentralised wallet, where the users are in charge of their assets.

“We have received reports of wallets being compromised. We are doing all we can to investigate?and analyse the situation. As we have more information, we will share it accordingly,” stated?Atomic’s team in a tweet on June 3.

Several users have left comments on the page alleging losses and that the digital wallet app has?been wiped clean of all the money. Participating in the probe is on-chain investigator ZachBTX,?renowned for tracking stolen money and supporting compromised companies. It’s unclear how?the attack was carried out. Atomic states that it has more than five million users.

GameStop NFT Partners With Illuvium

They will launch 20,000 nonfungible tokens (NFTs) as part of their inaugural collection. The?NFTs will be available from June 12, thanks to the partnership between Ethereum blockchain?game developer Illuvium and videogame store GameStop. It was announced on June 5.

The “Illuvitars” NFTs are “dynamic collectible artworks, representing a specific avatar of an?Illuvial with a distinct expression,” the makers said. You can move up the scoreboard by using?the power rating that each Illuvitar carries, based on rarity.

Every “GameStop x Illuvitar D1SK NFT” will have a special GameStop-branded “Illuvitar,”?which the developers claim has “108 potential combinations based on six different Illuvials,?three expressions, three background stages, and two finishes.”??

Blue chip Collaterals Help Stabilize NFT Lending

Paraspace developers said that they only support blue chip NFTs to reduce risks.

The current volume of NFT borrowing and lending, or NFTFi loans, tops $430 million across?43,521 borrowers, according to a report recently released by Paraspace and BitKeep. The most widely used NFT collections, including Wrapped CryptoPunks, Bored Ape Yacht Club, and?Mutant Ape Yacht Club, made up most of the collateral.