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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 software versions designed to steal bitcoins, Theextweb reported. Electrum users have been advised to take extra care when using the platform until the issue is resolved. Security researchers familiar with the matter say that if a user installs a fake version of Electrum, all funds contained in the old version will be lost immediately.

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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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Wallets that are widely used include Bitcoin Electrum, Ether Wallet, imtoken and Jaxx. The Privat Key for this type of wallet is in the user's own hands, more secure and easy to use. The limitation is that after the transaction signature is completed, the transaction is broadcast out or depends on the central node server, when the volume of business is large, the server performance overload, may cause the transaction can not be successfully sent.

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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 (, which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.