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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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.
Electrum wallets have been hacked in recent days and nearly 250 bitcoins have been stolen, according to blockchain security team Devi Security Labs. 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." Mars Finance reminds users not to install electrum wallets from unknown sources.
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.
Why use Electrum? Here are a dozen of the benefits of electrum wallets.
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Electrum-LTC is Electrum's community maintenance port, Litecoin's Bitcoin wallet. It is not the official product of Electrum Technologies GmbH, and it is not supported.
BTC wallet app Electrum was attacked and users lost millions of dollars.
You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.
According to the Dimensionality Reduction Security Lab, users of Bitcoin wallet Electrum are currently facing phishing attacks. The hacker broadcasts a message to the Electrum client through a malicious server, prompting the user to update to v4.0.0. If the user installs this "backdoor client" as prompted, the private key will be stolen and all digital assets will be stolen
The Electrum team has also been developing other features. Electrum Wallet users can view the full release notes here.
The problem was not fixed. So he had to contact Electrum to highlight the urgency of the issue, and Electrum released Emergency Response Version 3.0.4 a few hours later.
At this time, the SPV-based Electrum wallet became the new favorite of Bitcoin players. Especially for small partners who are new to Bitcoin, editors recommend using electrum wallets.
The Litecoin Foundation will migrate from electrum-LTC wallets to BitGo wallets.
Digital wallet developer Electrum has released an emergency patch saying it found a vulnerability that could lead any website hosting Electrum to steal a user's digital currency, exposing passwords to the JOHNSONRPC interface and ingelling hackers full control of the wallet. Earlier, Electrum released the first patch, but it didn't seem to solve the problem, and they released a second update urgently Sunday night local time.