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Electrum is another popular Bitcoin wallet that has been around for nearly a decade. Electrum Bitcoin Wallet has been available for all devices since 2011 and was one of the most widely used wallet applications before other alternatives emerged. There are still a lot of people who are still swearing at the Electrum 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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Bitcoin Wallet Electrum confirms a phishing attack against its users, reminding them not to download Electrum Wallet software from any channel other than the official website. Earlier media reports said Electrum users had maliciously stolen millions of dollars worth of cryptocurrencies. Hackers create Electrum wallet software with malicious code, induce users to download, and trick users into providing login information such as passwords to commit theft.

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Attackers reportedly created their own Electrum servers, which hosted the attacked version of Electrum in order to implement the attack. When the user will be vulnerable.