Popular wallet developer Electrum has released an emergency patch for a key vulnerability in Bitcoin wallets.
electrum to bitcoin qt
Dynamic . . . Bitcoin wallet Electrum was hacked and at least 1,450 BTCs were stolen.
Slow fog alert: Bitcoin wallet Electrum "updates phishing" currency theft continues.
BigONE: Bitcoin Cash ABC (BCHABC), Bitcoin Cash SV (BCHSV) distribution has been completed and the transaction will be opened.
Chain News, the veteran Bitcoin desktop wallet client Electrum released a 4.0 beta version, adding several important updates, including support for the Lightning Network, nearly a year after electrum's last version, 3.3.8 (last July). In the 4.0 beta version, Electrum primarily added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers), and Submarine swaps (subliminal switching).
But it is correct to assume that the light client is connected to a random Bitcoin node from the network. If the light client connects to the user's own Bitcoin node (via Neutrino or Electrum), that's fine. Bitcoin Core nodes can still be attacked, but the problem is less serious.
Insights from Lydia Torne and Sophie Sheldon of Simmons LLC.
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 wallets are fast and have 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.
According to Bleeping Computer, the BTC wallet app Electrom accused a phishing product called Electrum Pro of stealing a user's seed key on May 9 on GitHub and registering a domain name called electrum without Electrum's permission. The Electrum team noted that there was a piece of code indicating that the counterfeit product might have taken the user's seed key and uploaded it to the electrum. Affected users should transfer funds from BTC URLs managed by Eletrum Pro.