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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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and Android system. Installing Electrum requires you to write down a 12-word seed to help you recover your wallet on multiple devices. If you forget your private key, this seed can also make Electrum look more human. In addition, Electrum has a "cold storage" mode where you don't have to pay Bitcoin to view your balance.

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The main reason for the Trezor vulnerability is that it does not have built-in multi-signature functionality, so its multi-signature implementation is to support Electrum extensions. This leads to an attack on Electrum, and Trezor is affected.

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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 is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum wallets are fast and have few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.

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Chain News, lightweight Bitcoin Wallet Electrum announced that the next version will support Lightning network payment, implemented using Python, Electrum as a Lightning network node, wallet users do not need to run lightning network nodes to make payments, electrum lightning network nodes have been merged into the Electrum master branch.

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At this time, the SPV-based Electrum wallet became the new favorite of Bitcoin players. Especially for small partners who are new to Bitcoin, editors recommend using electrum wallets.

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The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding users to check the authenticity of the client's source before logging in. The team published its official website, and electrum clients downloaded elsewhere may be problematic.