Summary
- The Securities Commission of Malaysia announced that Atomic Wallet has been added to the prohibited operations list.
- Atomic Wallet was reported for operating an unregistered Digital Asset Exchange.
- Atomic Wallet has previously suffered significant losses due to a hacking incident.
On the 23rd (local time), according to the cryptocurrency specialized media Cointelegraph, the Securities Commission of Malaysia has added the cryptocurrency wallet Atomic Wallet to the list of financial companies prohibited from operating domestically.
The regulatory body reportedly cited Atomic Wallet for operating an unregistered Digital Asset Exchange (DAX).
Previously, Atomic Wallet suffered a $100 million loss due to a hacking incident in June last year, with the North Korean hacker group Lazarus being identified as the culprit.
![[Analysis] "Institutional buying of Ethereum exceeds new supply…$4,500 target also possible"](https://media.bloomingbit.io/PROD/news/2fcb5b32-84e3-4771-9e82-82cb467f09b3.webp?w=250)