In a development update released today by Vergecurrency, it was said that the blockchain project is sweeping the Electrum monetic to give users a better experience when using their iOS wallet.
Bitcoin Electrum Wallet Developer announces release of version 4.0. This update brings several new features, notably the experimental support for Lightning Network.
Electrum is a world-renowned Bitcoin light wallet with a long history of multi-signature support and a very broad user base, many of which like to use Electrum as a cold wallet or multi-sign wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more. This captured currency theft attack is not stealing the private key (electrum's private key is generally stored with two-factor encryption), but replaces the transfer destination address when the user initiates the transfer. Here we remind users that when transferring money, special attention needs to be paid to whether the destination address has been replaced, which is a very popular method of currency theft recently. It is also recommended that users use hardware wallets such as Ledger, and if you pair it with Electrum, although the private key does not have any security issues, you should also be alert to the replacement of the destination address.
electrum litecoin update
Litecoin, ready to update to reduce fees, is expected to cost an average of $0.05 to below $0.005.
April 9 (Johnwick.io) reported that hackers had launched a denial-of-service (DoS) attack on the well-known wallet Electrum server. Hackers used a botnet of more than 140,000 computers to attack Electrum's 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.
Users of Bitcoin wallet Electrum are currently facing phishing attacks, according to the Devi Security Lab. Hackers broadcast messages to electrum clients through a malicious server, prompting the user to update to v4.0.0, and if the user is prompted to install this backdoor-carrying client, the private key is stolen and all digital assets are stolen. As of 13:00, at least 1450 BTCs worth approximately $11.6 million had been stolen from phishing attacks that forged Electrum upgrade tips. Devi 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 Electrum3.3.8 via the official website (electrum.org), which has not yet been officially released v4.0.0, and do not use the link in the prompt message to avoid asset losses.
Over the weekend, Ormandy urged cryptocurrency enthusiasts on Twitter to update the Electrum Wallet app to the latest version as soon as possible, as he recently stumbled across a serious vulnerability that affected them.
Electrum Litecoin Wallet review: Lightweight Litecoin customers.
Electron Cash is only a version of Electrum, so if you're used to Electrum, you won't have any problems.
Wallet Qtum Electrum
Electrum hackers pre-empted a large number of "normal" electrum servers on the P2P network.
Users of Bitcoin wallet Electrum are facing a phishing attack, according to the Dev Security Lab. Hackers broadcast messages to the Electrum client through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install this "backdoor-carrying client", the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Thelectrum upgrade tips, with a total value of about $11.6 million. It is worth mentioning that less than version 3.3.4 of Electrum is vulnerable to such phishing attacks, users using electrum wallets 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 v4.0.0, please do not use the link in the prompt message to update to avoid loss of assets.
With a major update to Litecoin, some investors expect prices to rise as blockchain networks become more mobile.
In December 2018, for the first time, we discovered and alerted an attacker to a messaging flaw that exploited the Electrum Wallet client to force an "update prompt" to pop up when a user transfers money, inducing the user to update the download malware and then carry out a currency theft attack.
The slow fog area said that the phishing attack that allegedly forged the upgrade prompt had stolen at least 200 BTCs, and that the attack could not have been avoided by upgrading Electrum alone, requiring the entire ecological service to make corresponding changes (because the Electrum client is not a full node, and then has a message on the transaction broadcast and the corresponding service side, the attacker can also deploy a malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage. (Slow Fog Zone)
Industry update: WhaleAlert Data Electrum Coindesk Ledger X T3 Bottle Pay Chicago DeFi Alliance Glassnode Data.
Why use Electrum? Here are a dozen of the benefits of electrum wallets.
Electrum Litecoin Wallet created a 12-word "Wallet Generation" seed. This is just the password that you can recover your wallet in some cases.
Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to The Devi Security Lab. 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 client carrying the backdoor. 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.
179, Grin developers update The Litecoin MimbleWimble development progress in December.
To simplify the foundation's money management, the Litecoin Foundation is moving from multi-signature Electrum-LTC wallets to BitGo's multi-signature wallets, according to official Twitter.
Litecoin MimbleWimble posted this January update through a blog update.
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.