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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on Electrum servers, which presents some security and privacy trade-offs. If you use electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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Electrum wallets have been hacked in recent days and nearly 250 bitcoins have been stolen, according to blockchain security team Devi Security Labs. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is an ongoing phishing attack on Electrum users and advised users to download wallet apps from the official website." Mars Finance reminds users not to install electrum wallets from unknown sources.

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There is no case where Bitcoin is lost due to the failure of wallet recovery in Bitcoin-Qt, and because of Bitcoin-Qt's zeroing mechanism, even some older players often inadvertently lose bitcoins stored on Bitcoin-Qt, which electrum does not have at all.

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The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.

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Electrum is a world-renowned Bitcoin light wallet with a long history of multi-signature support and a very broad user base, many of which like to use Electrum as a cold wallet or multi-sign wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more. This captured currency theft attack is not stealing the private key (electrum's private key is generally stored with two-factor encryption), but replaces the transfer destination address when the user initiates the transfer. Here we remind users that when transferring money, special attention needs to be paid to whether the destination address has been replaced, which is a very popular method of currency theft recently. It is also recommended that users use hardware wallets such as Ledger, and if you pair it with Electrum, although the private key does not have any security issues, you should also be alert to the replacement of the destination address.

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Although not yet fully readable, it is certainly easier to read than the original string. WIF also has a basic error checking function, so it is more likely that errors will be checked if the asset is sent to a WIF format address.

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Second, it's a good idea to choose multiple signatures. Bitcoin is so popular because of its great design invention for security - multiple signatures, which were not yet mature in the past and are often used for long-term offline storage needs and have never used personal transactions or daily consumption, so for an average user, multiple signatures seem less practical. But if you now have three private keys, you keep one of them, and you need two other private keys to sign to initiate a transaction, the security factor is greatly increased, and you don't have to worry about being stolen by hackers.

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Earlier this month, Electrum detected a DoS attack on its network, allegedly launched by a malicious botnet with more than 140,000 machines, designed to provide Electrum to users.

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According to Johnwick.io, we will continue to monitor and track further movement of funds after a recent user submitted a coin-losing incident claiming that the download used electrum wallets had been phishing attacks, losing more than 700 bitcoins, and that the stolen address had been added to the Devi AML system. It is reported that malicious website (electrumsecure) fake Electrum website phishing attacks, to guide users to download the wallet, in order to steal the user's private key and other sensitive data. De-dimensional Security Labs hereby reminds users not to install electrum wallets from unknown sources at will to avoid asset losses. Electrum Official Website: electrum.orgElectrum Phishing Website: electrumsecure.

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In a Reddit post, a user named mrsxeplatypus warned users to watch out for an electrum malware version of the ad and described how the scam ad worked. According to reports, the malicious ad disguised as electrum ads, click on the ad, will start downloading EXE files. In fact, users go to the fake url elecktrum.org, not the electrum.org. Google is said to have taken steps to deal with the malicious ad.