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On December 27th commentators reported on social media that a malicious group hacking the cryptocurrency wallet Electrum had stolen nearly 250 bitcoins ($937,000). It was later confirmed by Electrum that the attack included creating a fake version of the wallet and tricking users into providing password information. Hackers set up a bunch of malicious servers.

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When you download Electrum for any non-Bitcoin cryptocurrencies, you are downloading software that is not approved by us, and you may download malware against your Bitcoin wallet. Don't count on the integrity of those who promote sh tcoins.

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According to Bleeping Computer, the BTC wallet app Electrom accused a phishing product called Electrum Pro of stealing a user's seed key on May 9 on GitHub 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 BTC 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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Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum Wallet is fast and has few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.

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Nadav Ivgi announced the alpha version of the Bitcoin Wallet Tracker (BWT), which uses its standard RPC interface to interact with Bitcoin Core wallets, uses the data to build additional indexes needed for lightweight wallets, and then makes the data available through the Electrum Server protocol and BWT's own HTTP-based APIs. Similar to Electrum Personal Server, this allows users who prefer lightweight wallets, such as the Electrum user interface, to retrieve blocks and transaction data from their own full authentication nodes for additional security. In addition, BWT's approach has no significant overhead, and its additional indexes are stored only in memory, and in many cases it can handle crop nodes, allowing the combination of bitcoind and BWT settings to use only a few gigbs of disk space.

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Attackers send phishing emails with bitcoin gold or Electrum wallets as the theme to the victim, and deploy malicious programs with built-in python code through attachments or links in the messages, thereby stealing the victim's cryptocurrencies account information and passwords, and finding information about workstations and servers related to cryptocurrencies wallets through intrusions into the local network.