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In a recent announcement on Twitter, Electrum advised users to disable the automatic connection option and manually select a server, while the company is developing a more powerful Electrum.

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By default, electrum wallets are randomly connected to a set of Electrum servers. From a privacy perspective, this is not a good thing because it discloses your wallet address and balance to unknown third parties. And unfortunately, many public Electrum servers are run by individuals or groups of blockchain analytics companies or worse. Therefore, if you are using an Electrum wallet, it is generally recommended that you run your own Electrum server and then connect the wallet to that server.

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Have you considered providing a cold storage solution for your Bitcoin? Don't worry, Verso has solved this problem for you. The Swiss-based company recently launched a new and advanced cold storage application. It's an app created specifically for the Bitcoin community, and Verso has made it into a Verso card, a military-grade security physical cold storage wallet;

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At the time of writing, at least 1,450 BTCs (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Electrum upgrade tips, with a total value of approximately $11.6 million.

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These harmful encryption extensions in Chrome are mimicking well-known encrypted wallets, including Ledger, Trezor, and Electrum. Ignorant users will only download these extensions, thinking they are downloading real encrypted wallet applications. Once they share private keys and other personal details, these malicious extensions hijack their cryptocurrency funds.

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Earlier,'s research team reported that 2.04 million more tokens were in the BTCP block, and about 300,000 tokens could be moved out of the block pool to the exchange. In response, BTCP officials said they were not aware of the study until it was released to the public. After a detailed investigation, it was found that the problems mentioned by the security research team were numerically accurate. The BTCP development team has asked the exchanges that trade on the BTCP to stop BTCP access services.

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Bitcoin wallet Electrum now supports Lightning online payments, according to Coindesk on July 11. It has previously been reported that Bitcoin Wallet Electrum has released a beta version of Electrum 4.0, adding support for the Bitcoin Lightning Network.

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This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks. (Stationer's House)