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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 an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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Users of Bitcoin wallet Electrum are currently facing a phishing attack, according to the Devi Security Lab. Hackers broadcast messages to electrum clients through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install the 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 approximately $11.6 million had been stolen from phishing attacks that forged Electrum upgrade alerts. Devi 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 Electrum3.3.8 via the official website (electrum.org), which has not yet been officially released v4.0.0, and do not use the link in the prompt message to avoid asset losses.

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This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks. (Stationer's House)

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Mnone word type (determination or "Electrum"): In this type, all keys are derived from a separate payment private key, known as a seed. Viewing the private key is derived by paying the private key in Kecack-256 hash to produce a valid EdDSA stunder. These accounts are easy to back up because you only need to write down the seeds (usually in base-1626 mone phrases)

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This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks.

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Users of Bitcoin wallet Electrum are facing a phishing attack, according to the Dev Security Lab. 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 (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Thelectrum upgrade tips, with a total value of about $11.6 million. It is worth mentioning that less than version 3.3.4 of Electrum is vulnerable to such phishing attacks, users using electrum wallets 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 v4.0.0, please do not use the link in the prompt message to update to avoid loss of assets.

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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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Cryptocurrencies Wallet Electrum has lost nearly 250 bitcoins (approximately $914,000) as a result of the new phishing attack. Electrum has confirmed the authenticity of the attack. An attacker could induce a user to provide password information by creating a fake wallet.

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It's not hard to run your own Electrum server and point your wallet to just use it. This restores Electrum to the point where it has the same privacy and security attributes as the full node, where no one else can see the address or transaction that the wallet is interested in. Electrum then becomes an all-node wallet.