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A botnet with more than 140,000 machines has launched a DoS attack on the server of Bitcoin wallet Electrum in an attempt to direct users to counterfeit software that steals bitcoins. Security researchers say that if a user installs a fake version of Electrum, all funds contained in the fake version will be lost immediately.

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January 19 (Xinhua) -- Electrum is a world-renowned Bitcoin light wallet with a long history of supporting multi-signatures and a very broad user base, many of which like to use Electrum as a cold wallet or multi-signature wallet for Bitcoin or even USDT (Omni), according to the Slow Fog Security team. Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more.

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The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding users to check the authenticity of the client's source before logging in. The team published its official website, and electrum clients downloaded elsewhere may be problematic.

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After obtaining the platform's wallet service, cryptocurrency exchanges' global customer base will use ownership of their private keys to enrich themselves. This takes advantage of the sending and receiving of cryptocurrencies directly on the blockchain network. The team behind crypto exchanges wants to accelerate the transition to virtual currencies by introducing cryptocurrencies into mainstream finance. Android users can download wallets from the Google Play Store, and Apple users can download wallets from the App Store.

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