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According to slow fog zone news, Electrum fake upgrade tips of the phishing attack has stolen at least 200 BTC, this attack by upgrading Electrum alone can not be avoided, the need for the entire ecological service to make corresponding changes (because Electrum this client is not a full node, and then on the transaction broadcast and the corresponding service side of the message communication, attackers can also deploy malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage.

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The trading platform creates a transaction, spends all Bitcoin UTXO held by the trading platform, and signs the transaction to prove that the assets in the transaction are officially held by the trading platform by adding an invalid input to the transaction to add this invalid input to invalidate the entire transaction and be rejected by the network when broadcast. However, the transaction can still be used to prove how much bitcoin UTXO the trading platform has can be shared with anyone who needs to prove savings, and they can enter that data into their own reserve to prove that the client can confirm the total reserve of the trading platform and the address associated with the reserve.

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The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.