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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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Lightweight Bitcoin Wallet Electrum announced that the next version will support Lightning network payments, implemented with Python, an electrum network node where wallet users do not need to run Lightning network nodes themselves to make payments, and electrum's Lightning network nodes have now been merged into the Electrum master branch.

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According to Reddit user u/normal_rc, electrum's wallet was hacked and nearly 250 bitcoins (243.6 BTCs, nearly $1 million) were maliciously stolen, according to coinelegraph. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.

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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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Dash Web Wallet will cease service on August 5 unless it is acquired by another entity, according to Dash Crypto. Wallet users are required to transfer funds to a different address. Dash Web was not supported by Dash Treasury, did not receive donations from any members of the Dash community, and did not profit from the service, but bears all costs, risks, and responsibilities, the wallet said.

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The cryptocurrencies wallet Electrum has lost nearly 250 bitcoins ($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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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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Verge also said it had reconsidered the Electrum spectrum and was working on porting the latest ElectrumX server to work with the Verge Core client. "This means that you must upgrade the Electrum client after it is published. Doing so will indicate that you support the new halving schedule. "According to the previously announced timetable, the halving is planned for block 3700,000. (Newslogical)