Bitcoin Future: does electrum hold bitcoin cash

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A botnet with more than 140,000 machines has launched a DoS attack on the server of Bitcoin wallet Electrum in an attempt to direct users to software versions designed to steal Bitcoin. Electrum users have been advised to take extra care when using the platform until the issue is resolved. Security researchers familiar with the matter say that if a user installs a fake version of Electrum, all funds contained in the old version will be lost immediately. (TNW)

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According to a May 7 post on the company's website, the migration is due to BitGo Wallet, which provides greater convenience and 2000 security. The old Electrum-LTC wallet address will continue to be used next month, and the new BitGo wallet will be available soon.

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Bitcoin wallet Electrum official Twitter announced that the next version of Electrum will support Lightning online payments. Its lightning node implementation has been consolidated into the main branch of Electrum. Electrum also confirmed that the wallet will adopt a new implementation of in-house development written using Python.

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In December 2018, Slow Fog first discovered and alerted an attacker to a messaging flaw using the Electrum wallet client, forcing an "update prompt" to pop up during a user's currency transfer operation, inducing users to update and download malware to carry out a currency theft attack. Although electrum officials said in early 2019 that some security mechanisms would be put in place to prevent this "update phishing", many users of Electrum are still in the old version (less than 3.3.4) and the old version is still under threat. However, we do not rule out a similar threat to the new version.

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All in all, Electrum has a good reputation in the market. The wallet's UI may not be pretty enough, but it's worth using. That's it, we're at the end of the Electrum wallet review. I hope you find it useful.

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Send the coin to another wallet for long-term bitcoin storage. There should be a full node behind the wallet, such as the Electrum node pointing to your own Electrum server.

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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.

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A clone site masquerading as an Electrum SV wallet has emerged. The cloning site has nothing to do with electrum SV and is designed to steal tokens and create chaos in the BSV community.