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Now that we understand the benefits of Electrum, we can start using Electrum. Before use, prepare pens and paper to facilitate the recording of safety seeds.

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. 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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However, after electrum officials said in early 19th that some security mechanisms should be put in place to prevent this "update phishing", many users of Electrum are still in the old version.

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B: Electrum server can customize messages to appear in the user's electrum light wallet software, giving hackers a chance to broadcast phishing messages.

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To use mnomets to transfer addresses from electrum wallets to web wallets, you need to set Electrum to be compatible with Qtum phone mnomets in the initial installation (and then use phone wallet mnomets to restore phone wallets on Electrum). This setting is screenshot of the Electrum configuration.

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Hackers have launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. Hackers used a botnet of more than 140,000 computers to attack Electrum's nodes and simultaneously deployed malicious nodes. When the user connects to these malicious nodes and sends transactions using the older version of Electrum.

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If someone's Electrum wallet connects to one of these servers and tries to send a BTC transaction, they see an official message telling them to update their Electrum wallet, as well as a scam URL.