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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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Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github.

electrum clock work horror, Clockwork Horrors

However, after electrum officials said in early 19th that some security mechanisms should be put in place to prevent this "update phishing", many users of Electrum are still in the old version.

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The new version of the wallet will also include undersea switching, which allows BTC to pass from the Bitcoin blockchain to the payment channel network LN. For this novelty, Electrum is based on Boltz technology. Electrum will charge a commission for this service.

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I said, "I've got to figure it out." So I went to the supermarket and bought 48 pairs of pantyhose of different sizes, shapes and colors. I took these socks to the office and gave them to everyone, and I said, "Go home and wear them, and tell me which egg socks are better than No. "A few weeks later, people told me, "Egg socks are better." "That's fundamental research.

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Users of Bitcoin wallet Electrum are facing phishing attacks, according to Johnwick.io. Hackers broadcast messages to the Electrum client through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install this "backdoor-carrying client", the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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Of course, there are wallets that are not designed according to BIP rules, such as Electrum, which was the first to use mnbike patterns, and the first determinizer wallet, which was introduced in 2011, and later Trezor's introduction of the mbike rule BIP-39, which became a recognized industry standard with its widespread use. Electrum and BIP-39's mone word rules are similar, but BIP-39 uses a fixed set of 2048 thesaver, electrum uses another thesaver, but can be compatible with BIP-39's monemone thesaver, reverse is not compatible.