A botnet with more than 140,000 machines has launched a DoS attack on the server of Bitcoin wallet Electrum in an attempt to direct users to software versions designed to steal Bitcoin. Electrum users have been advised to take extra care when using the platform until the issue is resolved. Security researchers familiar with the matter say that if a user installs a fake version of Electrum, all funds contained in the old version will be lost immediately. (TNW)
electrum password lost
Abstract: On December 27, commentators reported on social media that a malicious group hacking the cryptocurrency wallet Electrum had stolen nearly 250 bitcoins (about $937,000). The attack was later confirmed by Electrum, which created a fake version of the wallet to trick users into providing password information. "Hackers set up a bunch of malicious servers," Reddit user u/normal_r.
If someone's Electrum wallet is connected to one of these servers and tries to send a BTC transaction, they will see an official message telling them to update their Electrum wallet, as well as a scam URL.
Similarly, in a digital asset wallet, anything can be lost, only the private key cannot be lost. Whoever has the private key has the wallet, so long as you enter the private key and set the password (without entering the original password), you can enter the wallet and transfer the money from the wallet.
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.
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.
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.
Qtum Electrum.
Eric Savics announced that four days ago, he posted bitcoins in all his wallets on his social media account, all of which were lost. Savics accidentally used the fake Google Chrome extension Keep Key, but lost its wallet password (recovery phrase instead of password)
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In recent days, hackers or hacker groups have stolen more than 200 bitcoins worth about $750,000 by attacking the infrastructure of electrum Bitcoin wallets. The attacker is targeting Electrum.
Electrum officials said that according to our investigation, millions of dollars worth of stolen bitcoins were analyzed, including one user who lost $140,000 worth of bitcoins. This time DDoS.
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.
Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on Electrum servers, which presents some security and privacy trade-offs. If you use electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.
An Irish drug dealer has lost $59 million worth of bitcoins after his landlord accidentally threw away his password.
Creating a multi-signature wallet in Qtum Electrum is easy.