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This "update tip" is not an official act of Electrum, but a phishing attack by an attacker that exploits a message flaw on the Electrum client and the ElectrumX server, which requires the attacker to deploy the malicious ElectrumX server in advance, and the malicious server is localized by the user's Electrum client (because the Electrum client is a light wallet and the user needs the ElectrumX server to broadcast the transaction). In a frenzy, malicious ElectrumX servers account for as many as 71% of the total, and the show doesn't fully count, and hundreds of bitcoins have been stolen in this phishing attack over the past year or so.

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Electrum posted a message about the incident on Twitter today, claiming that "there are currently phishing attacks against Electrum users" and imploring users to check the validity of their login information.

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In this demo, SatoshiLabs' CTO Pavol Rusnak shows how to set up this feature using electrum wallets. If JavaScript is disabled in the browser, turn it on.

Spell: Mass Enchant Electrum

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.

About Electrum Group LLC/The

Adapted from Basic Blockchain? 2020 Visionary Future LLC, published by Robinson, is the imprint of Little, Brown Book Group.

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In December, the hack allowed malicious parties to steal nearly 250 BTCs (then about $937,000). Affected users reported that they tried to sign in and were unable to log on to their wallets after providing a two-factor authentication code - something That Electrum didn't actually request when they logged in. The hacker then emptied the wallet balance.