Millions of dollars of digital currency have been stolen, according to Electrum officials. Devi Security Labs recommends that users of Electrum Wallet update to the latest version of the client via the official website and never use the link in the prompt message.
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 Electrum upgrade tips, with a total value of approximately $11.6 million.
However, after electrum officials said in early 19th that some security mechanisms should be put in place to prevent this "update phishing", many users of Electrum are still in the old version.
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.
Egypt withdrawal limit.
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.
operation. Such is the case in countries like Egypt
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.
Blockchain.info, Electrum Wallet.
Fixes the problem of block head synchronization failure in some cases qtum electrum.
Vulnerabilities were found in Electrum and Electrum-LTC. It has been fixed in Electrum-LTC 220.127.116.11. If you are running an earlier version, update your software.
The National Bank of Egypt has joined RippleNet's payment network to develop RippleNet, the largest cross-border payment bank in Egypt. The National Bank of Egypt said it had signed a cooperation agreement with Ripple to seek faster and cheaper cross-border payments through RippleNet, and said it would be the first bank in Egypt to use blockchain technology. According to the World Bank, Egypt is one of the top five recipients of remittances, receiving more than $29 billion worth of remittances in 2018 alone. Ripple announced this week that it is partnering with cross-border payment company Intermex to develop cross-border remittance services between the U.S. and Mexico based on rippleNet networks, chain news reported earlier.
Headquartered in Cairo, Egypt, Fawry is a fintech company that provides e-payment services, providing more than 250 e-payment services to more than 100,000 locations in more than 300 cities in Egypt.
Electrum third party.
Shunto touch melon, open the github of the electrum, we find the following code in the electrum/electrum/ecc.py.
Electrum and MyEtherWalle users face phishing attacks.
Qtum Electrum synchronously updates electrum-related code.