The wallet service provider was subjected to a more than $100 million hack in 2023.
Malaysia’s securities regulator has added Atomic Wallet, a Web3 wallet service, to a list of financial firms prohibited from operating in the country, according to the Malaysian Securities Commission’s website.
Atomic Wallet was flagged for “[o]perating a digital asset exchange (DAX) without registration,” according to the website.
The regulator did not specify further, but Atomic Wallet fell victim to a more than $100 million hack in 2023 and since has been the subject of lawsuits.
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