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You may have noticed an important difference between the MyMonero type and the Electrum seed type. MyMonero creates a viewing private key by hashing a random integer, while the Electrum type hash pays the private key. This means that the seeds of 13 and 25 words are not compatible - it is not possible to create an Electrum type account that matches the MyMonero type account (and vice versa) because viewing key pairs is always different.

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Existing precautions include fee and serial number counters that distinguish between replaying Tx and the same Tx. If an attacker attempts to send multiple identical Txes to a node, the full node that retains the trading pool cache will reject the same Tx instead of running CheckTx on all Tx. If Tx has a different serial number, the attacker cancels the attack for a fee.

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The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding them to check the authenticity of the client's source before logging in. The team published its official website, and the Electrum clients downloaded elsewhere may be problematic.

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You could have used fee replacement to speed up the trade, but it kept the option open to cancel the trade completely. This option is only available on full-mode BTC software, but there have been many other mobile applications that have recently integrated this feature. This makes BTC payments vulnerable to denial of payment fraud. Gyft Vinny Lingham's former chief executive has revealed how bad RBF will be for his business in 2018, he said.

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Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. Hackers used botnets of more than 140,000 computers to attack Electrum nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the Backdoor Client. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.