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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 them to check the authenticity of the client's source before logging in. The team published its official website, and the Electrum clients downloaded elsewhere may be problematic.

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Managed solutions include Trezor and Ledger hardware wallets, as well as Abra, Electrum, and Jaxx mobile wallets. BitGo also launched DASH Mortgage in October 2019. DASH is the most popular cryptocurrencies on the UpHold wallet service from January 2018 to January 2019. In April 2019, the spread application also announced support for Thespend Visa card.

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Users of Bitcoin wallet Electrum are currently facing phishing attacks, 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 is prompted to install this backdoor-carrying client, the private key is stolen and all digital assets are stolen. As of 13:00, at least 1450 BTCs worth approximately $11.6 million had been stolen from phishing attacks that forged Electrum upgrade tips. 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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Electrum-LTC is a simple but powerful Litecoin wallet. Like its predecessor, the Electrum-Bitcoin wallet, the open source wallet is available on GitHub and anyone can view or upgrade the code.

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Dash Electrum 3.2.3.1 was released, renamed Dash-Electrum, adding the option to use Tor Proxy at startup, according to Dash Coin. DASH is now trading at $159, down 3.26 percent.