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 is a bitcoin wallet that supports a platform, supports secret language recovery, public-private key export, and custom handling fees. You can use Bitcoin without having to delve deeper into its in-depth technology. It's like you'll browse websites with online swipes for consumption, but won't delve into the technology behind it.
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.
By default, electrum wallets are randomly connected to a set of Electrum servers. From a privacy perspective, this is not a good thing because it discloses your wallet address and balance to unknown third parties. And unfortunately, many public Electrum servers are run by individuals or groups of blockchain analytics companies or worse. Therefore, if you are using an Electrum wallet, it is generally recommended that you run your own Electrum server and then connect the wallet to that server.
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Get alert: Wallet Electrum was upgraded by the DoS attack, with users allegedly losing millions of dollars.
The Mycelium and Waves platforms announced the implementation of a customized blockchain asset flow sharing development roadmap. Mycelium Wallet will support the issuance and transfer of a variety of digital tokens that can be used to represent many assets, including mainstream French coins.
Star Daily News Bitcoin Wallet Electrum official Twitter announced that the next version of Electrum will support Lightning online payments. Its lightning node implementation has been consolidated into the main branch of Electrum. Electrum also confirmed that the wallet will adopt a new implementation of in-house development written using Python. (Cointelegraph)
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.
Electrum hackers pre-empted a large number of "normal" electrum servers on the P2P network.
Windows QT version with contract and POS features, testing of electrum UBTC programs, and BUG fixes.
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.
Bitcoin Wallet providers like Trezor and Electrum.
Mycelium is an application that provides decentralized storage and allows users to have complete control over the private key. Mycelium uses super nodes to connect to Bitcoin wallets and provides applications that do not download Bitcoin blockchain. Mycelium runs fast and has the feel of being installed and running. Mycelium also offers a local trading function that allows users to trade bitcoins with each other.
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.
Public Electrum server.
The Bitcoin Core development team recently updated its list of 73 start-ups that plan to support quarantine testimony. These lists include popular Bitcoin wallet service providers Blockchain.info, AirBitz, Armory, BreadWallet, Trezor, Samourai Wallet, Ledgerhardware Wallet, Electrum, GreenAdress, KeepKey and Mycelium.
Chain News, lightweight Bitcoin Wallet Electrum announced that the next version will support Lightning network payment, implemented using Python, Electrum as a Lightning network node, wallet users do not need to run lightning network nodes to make payments, electrum lightning network nodes have been merged into the Electrum master branch.
Instant cryptocurrencies exchanger Changelly has partnered with Mycelium, which enables users to switch currencies without using Thechangelly website by integrating Changely's API into mobile applications and deploying the API directly to Mycelium's interface.
Electrum Litecoin Wallet review: Lightweight Litecoin customers.
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.
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.
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.