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At the time of writing, at least 1,450 BTCs (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Electrum upgrade tips, with a total value of approximately $11.6 million.

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According to the Dimensionality Reduction Security Lab, users of Bitcoin wallet Electrum are currently facing phishing attacks. The hacker broadcasts a message to the Electrum client through a malicious server, prompting the user to update to v4.0.0. If the user installs this "backdoor client" as prompted, the private key will be stolen and all digital assets will be stolen