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    Electrum is free software used by many cryptocurrencies websites, including merchants and exchanges, to store bitcoins. Anyone can run an Electrum server, and the software supports hardware wallets such as Trezor, Ledger, and Keepkey. Enhanced features include multi-signal and the ability to sign transactions using cold storage devices that are not connected to the network.

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    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.

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    In early April, Cointelegraph reported that the ongoing DoS attack on the Electrum network was allegedly launched by a malicious botnet of more than 140,000 machines in order to steal a user's BTC by calling it a fake version of electrum software.

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    Electrum is another popular Bitcoin wallet that has been around for nearly a decade. Electrum Bitcoin Wallet has been available for all devices since 2011 and was one of the most widely used wallet applications before other alternatives emerged. There are still a lot of people who are still swearing at the Electrum wallet.

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    However, all-node products offer more than just "bitcoin cores in the box." Most of them run Lightning clients, and even include BTCPay Server for merchant solutions, Samourai Whirlpool for untrusted CoinJoins, or Electrum Personal Server for greater sovereignty. In both cases (Shift Cryptosecurity's BitBoxBase and HTC's Exodus 1s), each contains a hardware wallet chip to improve the security of the entire node.

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    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.