In August-September, Bitcoin wallet Electrum was hacked twice, and according to multiple sources, at least 1,450 BTCs worth $11.6 million were stolen from phishing attacks that faked Electrum upgrade tips.
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The cryptocurrencies wallet Electrum has lost nearly 250 bitcoins ($914,000) as a result of the new phishing attack. Electrum has confirmed the authenticity of the attack. An attacker could induce a user to provide password information by creating a fake wallet.
Bitcoin wallet service Company Electrum was hacked, resulting in the loss of user funds. In response to the attack, Beosin Chengdu Chain Security analyzed that the wallet Electrum was attacked, mainly because the kivy framework used is using a standard py compiler and the wallet is not protected against secondary packaging, the core file can be directly recompiled back to the py file. Attackers can imitate the code, directly join the code to steal the user's password, key after the secondary packaging, and then cooperate with other attacks, tempt users to install the wallet implanted with malicious code, thereby stealing the user's password, key and other sensitive information.
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You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.
So far, Electrum Wallet has gone through various iterations to keep up with the growth of the cryptocurrencies industry to provide its users with a high level of security at any time. The wallet is easier to use than Bitcoin Core wallets and allows users to create wallets with other security features, such as two-factor authentication, multi-signature wallets, and more. In addition to creating and using new wallets, Electrum allows users to import other Bitcoin blockchain wallets by entering the wallet's seed or master key. It can also be used to manage hardware wallets.
Send the coin to another wallet for long-term bitcoin storage. There should be a full node behind the wallet, such as the Electrum node pointing to your own Electrum server.
According to Reddit user u/normal_rc, electrum's wallet was hacked and nearly 250 bitcoins (243.6 BTCs, nearly $1 million) were maliciously stolen, according to coinelegraph. 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.
Bitcoin Wallet Electrum will support the Lightning network in the next release, and its Lightning nodes have been merged into electrum's main branch, according to Cointegraph. Electrum also confirmed that the wallet will be written in-house development Python.
Bitcoin Wallet Electrum has released a 4.0 beta version with new updates that support Lightning Networks and more.