Bitcoin Future: electrum setup.py

electrum setup.py, What is setup.py?

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.

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Qtum Electrum is a Qtum desktop light wallet modified from the well-known Bitcoin wallet Electrum. Compared to the current Qtum Core full-node wallet, Qtum Electrum takes up less disk space and takes less time to synchronize chunks, supports multi-signature and hardware wallets, supports cold wallet mode, supports the import of mnomes into mobile wallets, and uses SPV authentication to ensure security.

electrum setup.py, AUR Package Repositories

According to Bleeping Computer, the Bitcoin wallet app Electrom was on GitHub on May 9th, accusing a phishing product called Electrum Pro of stealing a user's seed key and registering a domain name called electrum without Electrum's permission. The Electrum team noted that there was a piece of code indicating that the counterfeit product might have taken the user's seed key and uploaded it to the electrum. Affected users should transfer funds from Bitcoin URLs managed by Eletrum Pro.

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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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The Healthy Security Lab is concerned that Nearly 250 bitcoins have been stolen in a recent hacking attack on an Electrum wallet. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is an ongoing phishing attack on Electrum users and advised users to download wallet apps from the official website" and that The Healthy Security Lab advised users not to install an unknown source of Electrum wallets to avoid being tricked.

electrum xpub address, Electrum asks for an xpub when only Zpub is valid Issue ...

Electrum is a world-renowned Bitcoin light wallet with a long history of multi-signature support and a very broad user base, many of which like to use Electrum as a cold wallet or multi-signature wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more. This captured currency theft attack is not stealing the private key (electrum's private key is generally stored with two-factor encryption), but replaces the transfer destination address when the user initiates the transfer. Here we remind users that when transferring money, special attention needs to be paid to whether the destination address has been replaced, which is a very popular method of currency theft recently. It is also recommended that users use hardware wallets such as Ledger, and if you pair it with Electrum, although the private key does not have any security issues, you should also be alert to the replacement of the destination address.

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With the proliferation of hard-forked rival bitcoin cash (BCC), the Bitcoin market has become chaotic. Many pundits have embraced the new coin as a way to cash in on Satoshi Nakamoto's original Bitcoin vision. In contrast to the original BTC, BCC offers 8MB block size and faster trading time.

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Of course, this also requires the use of a wallet that allows you to change the transaction fees you want to pay. For example, Electrum and Green Wallet make this possible. Stock exchanges and notes (Binance, Coinbase - although at least there are loopholes, Coincash, Coinmixed, MrCoin, CEX, etc.) and other online wallets, of course not because they exist more or less.

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According to Bleeping Computer, the Bitcoin wallet app Electrom was on GitHub on May 9th, accusing a phishing product called Electrum Pro of stealing a user's seed key and registering a domain name called electrum without Electrum's permission. The Electrum team noted that there was a piece of code indicating that the counterfeit product might have taken the user's seed key and uploaded it to the electrum. Affected users should transfer funds from Bitcoin URLs managed by Eletrum Pro.