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To remain anonymous, attackers use "Tor" to establish communication with victims, which helps them hide their IP addresses because the Tor network is created by thousands of nodes in different countries and cannot browse toR sites using a regular Internet browser.

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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.