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Users of Bitcoin wallet Electrum are facing a phishing attack, according to the Devi 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 worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet 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, and do not use the link in the prompt to avoid asset losses.

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In December 2018, Slow Fog first discovered and alerted an attacker to a messaging flaw using the Electrum wallet client, forcing an "update prompt" to pop up when a user transfers money, inducing the user to update and download the malware, which in turn commits a currency theft attack. Although electrum officials said in early 2019 that some security mechanisms would be in place to prevent this "update phishing", many users of Electrum are still in the old version (less than 3.3.4) and the old version is still under threat. However, we do not rule out a similar threat to the new version. Recently, slow fog technology anti-money laundering (AML) system through continuous tracking found that one of the attackers wallet address bc1qcygs9dl4pqw6atc4yqurzd76p3r9cp6xp2kny has stolen more than 30 BTC, the crime lasted six months, and recently is still active. We would like to remind Electrum users that the new version of Electrum in this Update Tip is likely to be false and that if installed, transfer Bitcoin out in another security environment in a timely manner. At the same time, we call on the vast number of cryptocurrencies exchanges, wallets and other platforms of the AML wind control system black and monitor such as the above Bitcoin address.

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In addition, small partners who have used Electrum wallets should be aware that with Thecret phrase generated by Electrum, we can recover bitcoin keys on any browser using the Bitcoin Wallet web tool. And Electrum is so secure that there is no evidence that the distributed attack prevention system designed by Dark Wallet will be due to Electrum.

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One of the attacks was carried out through a fake electronic wallet (XLM). The platform issued a warning that the electrum-xlm (dot) information is a bitcoin theft malware. It wrote on Twitter: 'There is no way to easily port wallet software from Bitcoin to Stellar because these are completely different projects. Please do not download the altcoin variant of Electrum unless you really know what you are doing.