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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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Millions of dollars of digital currency have been stolen, according to Electrum officials. Devi Security Labs recommends that users of Electrum Wallet update to the latest version of the client via the official website and never use the link in the prompt message.

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Promoting mBTC as a unit will allow more merchants to accept Bitcoin. There is no doubt that because mBTC is more in line with popular consumption habits, using mBTC as a basic unit of consumption will allow more merchants to accept Bitcoin while enjoying the benefits of its rise.

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Bithumb, South Korea's digital currency exchange, will refund transaction fees to overseas users from October 22 to November 21, according to the U.S.-based news agency. The event is expected to refund 70 per cent of the transaction fee to overseas users.

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One problem with Bitpay's new infrastructure is that the vast majority of Bitcoin-based wallets do not use the BIP70 payment protocol. Bitpay also detailed that it would soon need to pay for a payment agreement, leaving users with only five wallets to choose from when using Bitpay's service. Wallet customers who support BIP70 are Bitpay Wallet, Copay, Mycelium, Electrum, and Bitcoin Core Wallet.

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As of press time, phishing attacks that forged Electrum upgrade notifications have stolen at least 1,450 BTC (the number stolen is officially counted by a user, anti-malware companies Malwarebytes and Electrum), with a total value of approximately $11.6 million. It is worth mentioning that Electrum versions lower than 3.3.4 are vulnerable to such phishing attacks. Users who use Electrum wallets should update to the latest version Electrum 3.3.8 through the official website (electrum.org). At present, v4.0.0 has not been officially released. Version, please do not use the link in the prompt message to update, so as to avoid loss of assets

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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.