In 1994 after more than 50 years, Selçuk Kolay, with the support of the "Rahmi M. Koç Foundation for Museum Studies and Culture", found in a two-and-half-month research the exact location of the wreck of Atılay. She was offshore and was lying at a depth of . A hole in the hull proved that she hit a naval mine. It is assumed that the mine was a World War I munition, which was laid during the Dardanelles Campaign.Bartın newspaper
