Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Atomicals Market Announces Resolution and Compensation Measures for Security Breach
BLOCKCHAIN NEWS

Atomicals Market Announces Resolution and Compensation Measures for Security Breach

By Crypto FlexsNovember 24, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Atomicals Market Announces Resolution and Compensation Measures for Security Breach
Share
Facebook Twitter LinkedIn Pinterest Email

Recent events surrounding the Atomicals Market (AM) have become a matter of significant concern to the Atomicals community, especially after serious security breaches occurred on two of its trading markets. The breach resulted in a hacker attack, significant loss to users, and sparked discussion and calls for action within the community. Shep.eth, an early participant and active community member, took the lead. address Please contact the AM team directly regarding these issues.

In a detailed letter to the community, shep.eth detailed the unfortunate security incident that occurred on Atomicals’ trading marketplace. Although the details of the attack have already been widely discussed in the community and clarified by the Atomicals protocol team, shep.eth has focused its response and remediation efforts. shep.eth, which represents the interests of affected users and the community, has held discussions with the AM team to clarify the cause of the incident and explore potential compensation for those affected.

These discussions have led to several important developments. First, a change in leadership was announced, with AM’s founder @BRC20Coins stepping down from all management positions. An anonymous individual, a friend of shep.eth, will be the new CEO. This transition is part of a broader effort to prevent similar problems in the future. The new team has also committed to recoup a total of $33,000 ATOM lost in the recent ‘Zero Dollar Purchase’ event, and has pledged to complete this within a week of the leadership transition.

In addition to these measures, AM plans to overhaul its operations and development teams. The goals of this restructuring are to strengthen testing processes, ensure asset safety, improve user experience, and provide more effective communication. AM also plans to reexamine its brand, including its logo and name, to reflect its new direction and commitment to security and trust.

Despite not participating in AM’s management or decision-making, shep.eth will continue to contribute as a community member and friend of the new CEO. He emphasized the important role of the community in protocol development and expressed hopes for AM’s future under new leadership, with a focus on correcting past mistakes and providing safer and better services to the community and users.

Atomicals Protocol also published a response clarifying its position on security issues. They refuted claims of negligence related to the use of the SIGHASH_NONE signature and explained that they warned AM against this practice because of the risks involved. The protocol emphasized the importance of prioritizing user safety and trust and asserted independence from Atomicals Market and other projects.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OKX Ventures Invests in Accountability for Enhanced Financial Verification

October 30, 2025

The $19 billion cryptocurrency collapse: A catalyst for Bitcoin to reach $200,000 by 2025: Standard Chartered

October 25, 2025

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Leverage Shares By Themes Adds GEMI, BLSH, BMNR To Leveraged Single-stock ETF Suite — Debuting First-to-market GEMG

November 5, 2025

Zama Announces Strategic Acquisition Of KKRT Labs To Scale Confidentiality On Public Blockchains

November 5, 2025

Refunded, but Still Rewarded: Coin Terminal User Wins $10,000 in Monthly Crypto Lottery

November 5, 2025

AI-based Fuzz Testing for Solidity using Wake Framework

November 4, 2025

MEXC’s USDf Unbound Campaign Concludes With Over 200,000 Participants And $50 Million Daily Trading Volume

November 4, 2025

Mevolaxy Launches Mobile App And Announces Record Payouts

November 4, 2025

Kraken expands European regulated derivatives with Bitcoin and Ethereum collateral

November 4, 2025

GrantiX Brings $1.57 Trillion Impact-Investing Market On-Chain Through AI-Powered SocialFi Platform

November 3, 2025

Cango Inc. Announces October 2025 Bitcoin Production And Mining Operations Update

November 3, 2025

Bitcoin Miners On The 8HoursMining Platform Can Easily Earn Up To $5,313 Per Day!

November 3, 2025

One SuperApp. Infinite Yield. Powered By $TEA

November 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Leverage Shares By Themes Adds GEMI, BLSH, BMNR To Leveraged Single-stock ETF Suite — Debuting First-to-market GEMG

November 5, 2025

Zama Announces Strategic Acquisition Of KKRT Labs To Scale Confidentiality On Public Blockchains

November 5, 2025

Refunded, but Still Rewarded: Coin Terminal User Wins $10,000 in Monthly Crypto Lottery

November 5, 2025
Most Popular

Transaction fees – P2PKH output integration

December 1, 2023

CATIZEN unveils Zircuit Launchpool offering 8.33 million ZRC rewards

October 28, 2024

Korean university launches Metaverse with individual student access

May 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.