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Previous phishing attacks were carried out through malicious servers, and when asked to broadcast transactions through legitimate Electrum wallets, an error message was returned instructing the user to download a false "security update" from an unauthorized Github repository. The unidentified hacker reportedly managed to steal more than 200 BTCs.

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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

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Electrum posted a message about the incident on Twitter today, claiming that "there are currently phishing attacks against Electrum users" and imploring users to check the validity of their login information.

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At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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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.

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The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.