moving bitcoins into hardware or electrum before fork, electrum coin

2021-12-05

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.

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.

Qtum Electrum User Guide.

Qtum Electrum User Guide.

Currently, hardware wallets like Trezor and Ledger are considered the safest way to store bitcoins because they can be unlocked offline to protect keys from online theft. However, one limitation of hardware wallets is in terms of software engagement because they are not compatible with different software. Trezor, for example, supports only software wallet Electrum, not other wallets like Bitcoin Core.

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.

Fixes a page card problem when qtum electrum syncs history.

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.

iOS Wallet Electron (not Electrum!) QT (using the new code base)

Cross-transfer. With the ShapeShift intermediary platform, users transfer cash or bitcoins to ShapeShift, which converts bitcoins or cash into digital cryptocurrencies such as Zcash, Monero, and Dash for a fork blockchain and returns them to the user. In a cross-chain transaction, transactions are recorded on different blockchains, avoiding the chain-based retrospective regulation of law enforcement.

Electrum wallet attacked nearly 250 bitcoins were stolen.

Electrum wallet attacked nearly 250 bitcoins were stolen.

You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.

You can download electrum Bitcoin Wallet on the official website "electrum.org". Electrum is also available to users of Ledger Nano S, KeepKey, and TREZOR hardware wallets.

Electrum's core features - Integrate with major hardware wallets such as KeepKey, TREZOR, and Ledger Nano S. You can integrate Electrum with any of the advanced hardware wallets mentioned above.

Dynamic . . . Electrum wallet attacked nearly 250 bitcoins were stolen.

The Bitcoin desktop wallet client Electrum has released a beta version 4.0, which adds support for several important updates such as the Lightning Network. This version is nearly a year away from the previous version of Electrum 3.3.8 (July last year)

The latest version of UBTC Electrum Light Wallet v3.2.8 is available.

You buy bitcoins anonymously in cash and send them to your Electrum wallet.

BTC is currently trading at $8,745.91, up or 0.48 percent. From the trend point of view, Bitcoin in the early hours of yesterday morning, the 7-day moving average more than the 30-day moving average, the emergence of a short-lived gold fork, and then began to shock downwards, before the 4 hours, 7-day moving average through the 30-day moving average, the daily line to see MACD and KDJ dead fork down, and less volume, is expected to fall today.

This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks. (Stationer's House)

UBTC Electrum BUG Fix.

UBTC Electrum BUG Fix.

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.

In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum personal server.