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He later updated his post, adding: "If you don't set your wallet password, theft is trivial." If your wallet password is set well, the attacker seems to be able to get address transaction information only from your wallet and change your Electrum settings, which seem to have a high level of further utilization for me. So if you set your wallet password, you can reduce your panic, but you should still take this seriously. "

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. 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.